Found A Property

I am analyzing a 12 unit complex in Orlando, FL....It needs a full rehab.

The property consist of 12 1/1 units....But there is lots of potential for adding units with new contruction...  The property sits on 1.2 acres, but the 12 units take up only 1/3 of that.

 Some of the issues involved are that there are some pretty steep code inforcement liens so I will be contacting the county on Monday morning to investigate the possibility of getting the liens satisfied for a discounted rate. And the Entrance is in a very funky place....Its pretty much invisable from the road... the complex shares the entrance with a neighboring shopping centers delivery area....Is that a deal killer???

I am estimating that the property will need about 10k per unit for rehab expenses. I am a general contactor so I will be able to add some real value to this property with this amount.  Thats going to be good for me on the resale side.

My exit strategy is a 3-5 year turn around.  After rehabbing the property I would like to find a reputable management company, raise the rents to the current rents in the area and then sell.  

Okay BP family give me some feed back