From there I accepted and negotiated to have the seller cover the cost of replacing the roof.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Purchase price: $63,000 Cash invested: $23,000 bought for 63k as part of a 2 property deal from my handyman. 23k in it in closing costs and rehab.

We plan to pooling our money for down payment & closing costs.

Florida is battling a housing crisis brought on by surging insurance costs and HOA fees following a rise in natural disasters and the Surfside building collapse in 2021.

No.

We have shifted from flip to hold due to the market interest rates which tend to result in longer holding times and carrying costs. 

You will really need to look hard in order to find deals that make sense and you really need to take you cost of capital into account when doing your analysis.

Obviously need to check zoning and set up costs etc. 

Cost will likely be around $120 - $160 / sqft depending on finish out and how much one the existing house needs to change.