Unless you're buying under market value or with all/mostly cash, it can be tough to be cash flow positive on a rental property here, and extremely unlikely to find any that meet the 1% rule as a LTR.

This is extremely insightful and helpful thank you so much I appreciate it!  

Hi Gregory - The Fort Lauderdale market is extremely saturated & overvalued to start. 

. - Two single family homes in a community reinvestment act, therefore only require 3% down, get 1% of rate, and receive $6,000 towards closing costs.In order to receive these extremely low down payments, i would have to technically live in the residence for a few months as they do not offer these for investment properties. 

The house is in extreme disrepair and they wouldnt be able to rent it to anyone else in its current state. 

However, I have been extremely interested in real estate investing over the past month or so.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I called the Surrogate Court office this morning and the clerk was extremely helpful & pleasant over the phone.

This is a fantastic opportunity to explore some prime investment properties in an extremely fast-growing region!

Don’t get me wrong, I would love to own a property there but the margin is looking extremely thin now.