My guess is you are going to have to fight a little but I wouldn't put us with that crap. 

All this wholesale crap on here is ridiculous, assigning isn't wholesaling.

I'm still looking in multiple markets;  haven't closed on those properties yet, trying to find the best combination of cash flow and SOME kind of growth in a market.  

I was told a combination of financial education, great systems, technology, and tools are the keys to succeeding in investing.

The current owner said water/sewer were $1200/year combined.

Combine your experience with Bigger Pockets various resources: ebooks, blogs, forums, podcasts, webinars, colleagues, keyword alerts, an awards system, a learn section, informative people in many fields of real estate, and more.At the bottom of this page is a list with help in it.

Along the beach in Naples there is a combination of upscale hotels, and condominium buildings.

Frankly, sounds like they are just selling you crap.  

Cap rate is just one metric.You could get a 7 to 8 cap in a suburban area that is nice for instance and it would be a deal.A 9 or 10 cap in a crap area of Atlanta is worthless at least to me.I look at many things other than just the cap rate.  

When you combine the smell with the fact that it is in good shape, the combination will overshadow the outdated furnishings.