CA is is an expensive market and having enough capital to enter can be daunting.  

I'm certain a solid surface material could be expected in a more expensive market then mine in a B class unit. 4.

I think a correction will be a positive for investors with lower prices and likely lower interest rates.

Quote from @John Underwood: Also insurance rates are cheaper in SC than FL.Heavy emphasis on this one, especially if you are doing any kind of BRRRR, not only will insurance be expensive, but might also be tricky to find as some providers have stopped servicing FL all together. 

If you want a high occupancy rate, we could easily be in the 90% range here in Columbus (with lower prices).

Any additional expenses incurred in preparing the land for sale (such as adding driveways) would also be included in the cost basis.In summary, you would typically report the capital gain from the sale of each parcel in the year the sale occurred, based on the cost basis allocated to each parcel.

If you mean whether the building is a good buy or not, if I can get the seller to my terms, I'm certain that it would be if the cost of the downpayment isn't exceedingly expensive, hence my post.

Calculate your expected rental income, operating expenses, and cash flow. 

1 - Why is the rent lower than other units in the park?

Maybe you or your wife have a friend who could benefit from a lower cost of living.