What if their deal doesn’t close? 

If you could direct me by zip code within Rochester, NY.Many thanks in advance

I don't have any direct experience on Florence.

As mentioned, higher quality tenants will be a direct result of this.

Again, being very focused on key buildings close to new constructions being delivered in 2-4 years, in key growth areas, you can get good deals and cash in apprecitation in the mid-long run.In older buildings, if you are not financially solid, it's recommended to sell before HOA and Special Assessment will put you out of business. 

Now, you need to figure out how to find deals and pay for them.

I think 95% of the time you will be fine, so I would probably check the box, do a good job with pics and descriptions accuracy and deal with the 1-2 problem people per year.

Good Afternoon, We might have found a deal, but we are debating whether the Rehab might be too much.

Best way to find a solid cash flow deal is to talk to an expert in that area as well as on the Bigger Pockets forum.  

Have an expert look at it.I understand that you want to avoid setting untreated wood directly on concrete because the concrete attracts moisture that rots the wood.