Pulling up the carpets and refinishing the hardwood / installing a nice vinyl, some new mid-grade appliances and fresh paint should do the trick.That being said... why don't you fly out there and physically walk through other units for rent in that area (basically pretend to be a renter)?

I see rentals fly off the shelves with similar specs to that on a regular basis.

You are welcome to tell him I referred you.Is it safe to assume that if I buy a tax deed in FL, I will not have to pay back condo association fees?

Why wouldn’t the owner be able to charge a sale price with an 8% cap rate which would have everyone flying after it?

We have three kids, so that wont fly.  

And yes, once I do pick a market I will definitely be flying out there before I buy. 

My, how time flies!

I would make this analysisA - Hoover, Mnt Brook, Homewood, Pelham Trussville, Alabaster B - Clay, Pinson, Centerpoint, Pleasant Grove, Leeds, Moody, South pointC- Tarrant, Inglenook, Eastlake, Birmingham, Norwood, D - Ensley, West End, Titusville, Midfield, Fairfield,F - I don't personally have any F area, I think there are good streets in every area if you are a out of state investor I would avoid anything below a B, as you can get sold a house on a bad block and overpay 

I own properties in FL (I live in PCB now) and self-managed them while I was Active Duty and stationed in CA and Guam. 

Adam Gleve real estate agent with Deacon Hoover