To see for yourself, just go online to the clerk’s site, Official Records, look at any random deed transfer recording....the price is shown and the doc stamps $ amount charged is printed on the deed in the upper right hand corner....you do the math......it is $0.70/$100. 

Buy a fixer-upper.

., 123 Main St Upper [STR] and 123 Main St Lower [LTR].

From what I've found, Miami as a whole averages approx. 80% occupancy @$300/ nightAppreciate any help here...... as I'm typically one to do the leg work.

During that time you find another fixer-upper to Rent.

Broken leg due to a fall down rotted steps

I just looked at it as a long-term investment in a fixer-upper when making the purchase.

Quote from @Michael Smythe: @Alex Rivera Jr. look into FHA 203(k) which allows you finance repairs when you purchase.Then you can look at fixer-uppers that have less competition to buy => lower price!

People are nowhere near as respectable as you'd hope they would be, and would allow pets to lounge on couches, sleep in beds, claw at table legs, etc;4.

And then I still wouldn't buy because if insurance keeps going up and up, it will be unsellable and tenants don't want to live in a flood zone unless they are on the upper floors.