Popular submarkets for long distance investors

[Maxwell Lee]

I live in the Miami area but do not invest here...and shamefully haven't learned much about the market whatsoever. So here I am with a very basic question:

What are the popular submarkets you would recommend for long distance investors? Yes, this is a relatively broad question but what comes to mind first? Ok, some other criteria:

1) Good for running/jogging around the neighborhood. That's how I want to get to know the area. 

2) Relatively safe as well (so I can run and bring a camera without much worry)

3) Places that are popular with investors, particularly where long distance investors would want to check out

4) If it is undergoing (or has the potential to undergo) rapid transformation then even better!

Thanks so much for your suggestions!!

[Robert F.]

Hey Maxwell Coconut Grove is going to be the top option. Checks all your boxes; scenic neighborhoods right next to or near the water, the expansive centrally-located shopping/dining complex Coco Walk is nearing the end of it's massive reconstruction, huge new luxury condos just built right across from the marina. A lot to check out for content creation and peaking the interest of long distance investors. However, in my experience most foreign investors love to follow the hottest trends which in Miami IMO is still the luxury condo market. Had a really big spike in 2017-18, got way overvalued then subsequently overbuilt, but inventory cleared and the overwhelming buyers market is starting to give way. The safest bets for investor popularity are usually the Sunny Isles, Brickell, and now Edgewater submarkets. I find Coral Gables to have the most stunning streets and homes, but there is consistently low inventory (in comparison to the rest of the county) and it's going to cost you a pretty steep price/sqft. Hope that gives some kind of snapshot, if you have any questions let me know I'd love to help.