Markets with balanced property prices and strong rental demand will be key.While rising prices and interest rates may impact cash flow, with careful deal analysis and a focus on areas with good appreciation potential, it's achievable.

I’d also recommend checking out markets with strong rental demand and lower entry points.I specialize in DSCR loans for investors, so if you want to explore financing options that don’t rely on traditional income verification, I’d be happy to chat and help you get started.Looking forward to seeing where you land!

Once you've built up some reserves or feel like you're in a good spot, you could switch gears to MTR, especially since you're so close to a hospital.And later on, you might even mix it up between MTR and short-term rentals (STR), depending on demand.

I live in brickell and do projects in columbus ohio just moved to miami 6 months ago. happy to take a crack at it. we own all our floorplans as intellectual property starting to look at licensing deals. we design compact well designed homes for investment but miami is a whole other animal 

Finally, focus on high-demand neighborhoods and have a backup plan, like renting if the flip doesn't sell immediately.Let me know if you need financing guidance or further tips.Best,Drago

When supply and demand are disconnected then the market moves between top and bottom of cycles, but then equilibrium is reached.

Unless you have very small apartments or with strange layout, I think you should be shooting for higher rents in this neighborhood which would probably make the decision for you to just go ahead and get the rehabs done before next year's high demand rental season.

@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

If the seller isn't willing to meet your demands, you may need to walk away from the deal.

@Michele RichardChicago neighborhoods and suburbs are ideal for rental properties and Building Reconstruction Redevelopment (BRRRRR) due to proximity to major development projects, affordable multi-family units, and strong rental demand.