South Florida Real Estate Invsting? Ft Lauderdale, Weston areas or beyond?

[Will F.]

Hi I was wondering if anyone has recommendations for areas that are good for buy and hold / cash-flow / income properties in South Florida.  What are areas that are undervalued or that have potential?

I'm looking for some small investments, turn-key income properties or possible fixer-upper/ distressed properties.  Most likely buy-and Hold, but could possibly flip or resell in several years.  

Any areas that have potential for long term appreciation or growth?  A friend of mine mentioned Lakeland, but I believe that is over three hours from Ft Lauderdale.  How about Ft Meyers Pam Beach, or Palm Bay areas?

I'm from Los angeles where properties are highly overvalued. I already have years of experience with buy-and-hold income property, flipping and some small commercial buildings.  I'm visiting town for a week.

[Keith Nugent]

hi @Will F.  I live in Palm Bay and have to agree with @Walt Payne 

Lots of opportunity for solid cash flow and the area is expanding and bringing new jobs but I don't think major appreciation is anywhere on the horizon. Location, school zones, and highway access... Keep those in mind when you buy and buy for the right price you can't go wrong. 

South Florida is a little like California I suppose in that you can probably make money prospecting on appreciation but that's not my business model and you certainly have to know when to exit or you will be left holding a crashing property. 

How many hold properties are you looking to acquire in Florida the next year?

-Keith