Buying a Miami Condo 2017

[Taneisheo Ferguson]

So I was thinking with the luxury condo market slow down and the large inventory we have currently (some condos still under construction, I work on one) there will be deals on older condos next year. Do you think it would be a smart move to buy a condo as a first deal and rent it out (possible AirBNB)? I know i would have to consider taxes and HOA fees, but depending on the market demand which is high enough, it could still cash flow. People made a killing buying condos at a steal the last recession. Also I wonder if it would be possible to refinance that condo in order to purchase another that I could live in. I'm interested in the Brickell and Edgewater/Omni areas.