You should stay at a purchase price including repairs in the $60k or higher range.  

If I use a house flipping analogy, whether we are talking a SF home or a 300 unit apartment community, the essential concept is the same (valuation albeit different but stay w/me here).  

As long as you stay away from 'self dealing' that is one of the biggest things to watch out for. 

Tough to stay on an agent and make sure they are doing their job when trying to focus on doing one's own job.

Once lease is up, I'm confident I can get $1400-$1500 rent with some updating.

I would also like to work with an individual who will stay organized and be continually shopping to find me the lowest rates for my personal and future rental properties.

He now knows exactly what is going on and can use whatever influence he has to ensure that the community stays up to par and he retains the value.

@Jack Halldin Welcome to the club and stay engaged!

Stay engaged!

I just flew in from Sioux Falls SD, staying down here for a month or so, looking for deals or network, anyone from Florida west palm beach area, I'm hopping someone knows of a meet up or something.