Is it a good idea to buy a high rise Miami condo for long term rental?

[Yulia Volokhina]

Hi,

Do you think it is a good idea to buy a condo in Miami high rise oceanfront/downtown area for the out of state investor? With intent to rent on annual lease? Which rental restrictions to be aware of and which extra fees? Which most popular condos for rental? Is it easy to find a good rental management company in the area? 

Thank you!