Moving to Fort Lauderdale

[Dan Buchta]

I have an opportunity to move to Fort Lauderdale next year and I wanted to get some opinions about the area in terms of REI. I am considering purchasing a SFR as a primary residence and converting it to a rental in a few years or possible house hacking a duplex. However after looking at the market for just a few hours on Redfin/Zillow I'm struggling to understand how to create a positive cash flow with rentals in the area. I'm not looking for a home run but the combined housing prices + HOA fees seem to make breaking even a stretch.

Does anyone with experience in the area care to share what strategies have worked/not worked for them?