Apartment Efficiency Miami Buy Hold

[Taneisheo Ferguson]

Has anybody here ever built an efficiency in order to supplement their mortgage as an investment strategy? The Miami market is very bullish, and multi-family units are hard to come by in my price range. The problem is I do not qualify for a lot of multi-family units as they start around 300k (and still need work). This will be my first purchase (living at home with parents). I wanted to house hack but i rather not commute an hr from my job (hate commuting). Any advice would be appreciated.

Thanks