Investing in Miami, Florida Area

[Olivier LePage]

Hey everybody,

I'm planning to go to Miami for vacation and I'm so addicted to real estate investing that I want to take some time to look at opportunity in the Miami region.

Here's my strategy, I want to wholesale or flip a house or a condo (I'm open for other strategy if you have any). Quick turn around, so cosmetic renovations (nothing major) in a good area. I would prefer to be close to the beach. Purchase price + reno has to be under 250 000$usd 

Here are my questions:

What are the best neighbourhood to flip in and around Miami?

What is the best price range for a quick turn around?

Does the 70% rule works well over there?

What type of problem should I be worried about, (legal, paper, crime...)?

Anything I should look carefully in my inspection (water infiltration, cracks, crocodile...)? 

Other advice?

Thank you !!!

I'm also open to buy in other area in florida in the near futur, if I don't like the Miami region or if other area have better return.