To be successful in Miami, you would need to have some serious capital to compete with the groundswell of experienced investors and developers.

While I am seeking cash flow and capital appreciation (who isn’t?)

For the amount of capital you invested, you will achieve a great return.  

One thing I really enjoy about what I do is I actually go out to all my markets spend time there and get to know the local areas etc.. thankfully the deals i did for this guy in SW WI I did as a capital partners so I owned them and did not have to foreclose or go through his probate etc..

Kudos to you for doing something to create a secondary income stream. there are 5 income streams in RE rentals, possibly six if you do things a certain way.The reality here is your model (buy box) is suffering from too high an entry and too high a cost of capital.

Through this journey, I’ve built strong relationships and developed valuable expertise in:Researching micromarkets and identifying comparables, potencial Accurately estimating construction or remodeling costs.Securing fast and reliable financing through partnerships with two top hard money lenders in Texas, offering competitive rates.I’m on this platform to connect with capital partners who are seeking an annual ROI of 12%-15%.

I'd target areas near colleges or transit hubs for affordable properties, and I’d look into financing options like FHA loans or creative financing to make the most of my capital.

Speed generally 2. little more flexibility in ARV LTV3. availability of capital.. the banks after the GFC pretty much stopped fix and flip lending Granted your top tier clients can still get these loans.

What kind of capital do you have? 

I've lived and worked in China and at one time had quite a few Chinese nationals as investor clients in my Florida based firm.