I was interested in buying a property in an area such as Miami or Las Vegas (due to the low cost of homes & its desirability as a tourist destination), renovating it and renting it on Airbnb.

Its those that cannot afford it that really need to get a reality check if you have limited capital no experience and no borrowing ability .. then your destined to fail.. some will make it but 95% will not be doing this a year from now. no matter if you learn for free on BP or other on line educations and podcast.. you must create knowledge and a base for yourself so you have the ability to succeed..

Following the UK’s decision to leave the EU some Britons have deferred plans to move to a European Union (EU) country or purchase a second home in EU destinations including Spain and Portugal.

At a time when the governing political party is destined to dial back health care access in the name of liberty, you want to be strategic about that.

You mentioned you are with a large management company so I am assuming you are with Destination Resorts, Aston, or Outrigger.  

Should be buying with a 10 cap with upside unless Class A or medical office.When economy goes down retailers for strip centers need a store front as destination tenants.

Menomonee falls, west allis, Waukesha and more are all desirable destinations but the deal just has to make sense for me.

In theory this is correct.. but in CA ( and all states are different) it could take you 6 months to evict them so that's six months of payments your making.. the could leave you a 5k mess ( pretty common in a eviction scenario).. and usually when folks starting out do this with limited capital when they make money on these deals they DONT save it they will spend it  LOL.. this is partly what crashed the market last decade.. investor with little to no skin in the game and no where near enough capital reserves.. any business with out proper reserves is destine to failure. 

We are also interested in the Northwest Florida area (Destin, FWB, etc) since we know the area and will likely get stationed there again at some point soon.  

You said it in a previous comment, something to the tune of, once you figured out how you wanted your life to look (the destination) it became easier to stay motivated and set real goals (the map).