South Florida Multifamily Nonsense

[Javier G.]

I was monitoring for few months Multifamilies in South Florida. I understand we're in a hot market and speculation is driving prices out of its fundamental behavior but, I was wondering if my analysis is lacking some type of piece or my math is from another planet. I see every day creepy Duplexes with $900/side rents with asking prices of 400K! Basically, 200K/door. Remarks at the bottom say "Low ball offers will be ignored!! Did I miss something? I will appreciate your comments.