Nice work - have to get creative in the market these last couple of years

Miami, as a market, is the pretty primo.Lived here for quite some time & sold a couple months back. 

Quote from @John Postma: Quote from @Marcus Auerbach: Quote from @John Postma: I have a couple rentals locally (South-west Denver suburbs) and my goal was to buy a rental a year. 

Because to me, a steady income is more worth it at the moment than a couple hundred if that makes sense.

We didn't need to rehab except for a couple units when they became empty and we used cash flow (so no additional capital needed).The rents are now $10,700/mo and we are cash flowing well. 

The area has appreciated very well over the past couple of years and we bought cheaper than we probably should have been able to, again through timing and where the builder was at on things- some of their other projects that were like ours in the same neighborhood were purchased a month later for $25,000 more than what we paid.

@Ambica Pilli Couple of questions, from 10 units to what's your realistic max?

But I am now.In the past few years, my wife and I have done a couple of house hacks and two short-term rentals.

When you screened them, did their background come up fine except for a couple of evictions or court appearances that they were eager to talk about and had long and detailed explanations for?

I have a couple recommendations for areas to invest in right now if you want to connect!