South Florida - Cash Flow Market ?

[Jonathan Pechmajou]

Hello -

Looking to invest in South Florida Market for Cashflow purpose. I've been analyzing deals for the past 8 months (townhouses and Condos mostly) and It was really hard to find anything higher than 8% COC in Boca Raton, Delray or Pompano Market (and that was at 90%-95% asking price which is almost impossible those days )

1.What are you guys opinion on the best market in South Florida  for cashflow purposes ?

2.What is an acceptable COC for south florida market in Boca, Delray or Pompano ?

3.Should the strategy for high COC in South Florida be changed from Annual Lease to Seasonal Lease or Short Term Rental (AIR BNB)