He has lower end units with ceramic tile floors and concrete walls so there isn't a whole lot to break anyway.  

I have a lot to think about!

Looks like I have a lot to consider.

I have done a lot more research and read numerous books on the topic of buy and hold real estate investing and I am looking forward to learning a lot more from people on this site and further my education any way I can and I am excited to starting a business in real estate investing.

I have a LOT to learn

There is a lot to gain, especially as a "newbie".There are opportunities in both Tennessee and Florida, however I recommeend you keep your investing business and personal preferences separate.  

Just search numerous apps multiple times a day (realtor, trulia, Loopnet, etc) and have a local agent forward you properties that meet your criteria.

I have prepared numerous real estate tax returns and done accounting for real estate investors over the years.

Agree with Adam Craig that while you might not find numerous opportunities on the MLS the first time you look, they're out there. 

A lot to great questions.