There are a lot of different neighborhoods and the value vary dramatically, of which I don’t know except Zillow’s estimates.I can take a guess about repair values by looking at the pictures and a little more by talking to the listing agent, but I would have to look in person to have a real idea. 

I have StateFarm Insurance on the property and a really high deductible. ($5k).

Home owners in the building will hate having you there and as a result you will have complaints and issues with the HOA.

Definitely have written agreements and a phone call to a lawyer and/or accountant can save you headaches down the road.

@Ying Lan we are one of the biggest wholesalers in Tampa Bay with 2 brokerage offices, many agents in different counties, a designated acquisitions and sales team plus property management and a construction team.

Additionally, in many jurisdictions there are regulatory/legislative restrictions on when you can disturb the tenants.I always figured, if I'm looking to drop $500K to +$1M on a small to mid-sized apartment building, I can make myself available for an hour or two during the week.... and as @Jeff Kehl indicated, if you've done all your homework and deem a property worth a walkthrough, you've probably already submitted a LoI to the Vendor.

Hi everyone, I am looking to acquire my first deal for a fix-and-flip and a realtor recommended I check out financing through a FHA 203K Mortgage.

I have read a couple of articles that bemoan that homeowners in expensive locales will suffer, however little to no impact to less pricey areas and a net probable boost to landlords.Live in flips will certainly be less profitable if the capital gains exemption increase from two to five years! 

Have a die test to see where the drain field is and a hydraulic load test to see if it's saturated.

The first two, a townhome and a single family, rented very quickly and things were smooth.