You can increase rents with light renovations, or improve expense efficiency.

Hello Ramsey, There ae a few things to consider with condos especially in a flood zone.

The next things I’d dig into are tenant quality, age of major systems, and whether there’s any upside (light value-add, rent bumps, etc.)

Just to change a lightbulb you have to send out a qualified person on a w2 salary with benefits in a company vehicle, drive across town, find out it's a special light bulb, spend an hour going to the store, back to the unit (hopefully without having to reschedule for another day) and then install it.

Start with a light‑to‑medium rehab you can manage, build your core four (agent, lender, GC, PM), and add a contingency line so surprises don’t sink the refi.

Hidden risks most investors missRisk #1: Someone reports you for creating a “duplex”Usually triggered by:Two full kitchensFire separation doorsAdvertising separate “units” on ZillowIf you avoid that, 99% of issues disappear.Risk #2: A downstairs bedroom without proper egressThis is the most common code violation on these setups.If you convert a garage, the inspector will want:Window height within egress codeMinimum ceiling heightHVAC that meets Florida energy codeNo sleeping room opening directly into garage space (if garage door stays)Risk #3: Flood zonesSeminole Heights has pockets of funky elevation requirements.If your garage slab sits low, you may need:Flood ventsElevated electricalWorth checking before sinking money.5.

For a GC/carpenter, the highest‑leverage play is value‑add buy‑and‑hold using BRRRR or a light hybrid: buy dated but solid properties, do targeted cosmetic/mechanical upgrades you can execute fast, place a quality tenant, then refinance and recycle capital .

I’ve bought 3 SFR, all very light cosmetic fix ups, all in at 20-25% below ARV.

If the answer is no, selling isn’t quitting, it’s reallocating your time, energy, and capital into something that fits you better.You could make the light repairs, get it rent-ready, and stabilize it again, but if that idea feels more like a burden than a strategy, it may be the right time to move on and put your resources into a cleaner, higher-performing opportunity.

No Fines, then the surface won't compact, and rocks will move around.Rolls covered far more distance than I thought due to the light weight.You can't tell but the ground slopes slightly to the left towards the ditch.