This is why I'm concerned about, what to watch out for.Thanks for the comment.

Equity: 250k2 Family 3/2 Purchased 2023 475k Currently worth 600k 7.25% Interest Cash Flow -1,100 a month ( I live in one of the these)Equity: 98k ( yes i put 20% down)55k in Stocks mostly apple/vti/qqq 5k Cash (reserved for emergency missed rent payments) in a 4.50% savings accountNo credit card debt no car loansI do have 60k in open credit cards 8k available for no interest for 15 months.I have a 50k Heloc on my 2 family unit at 8% interest 10 year interest only 10 year repaymentSo as a investor what would some of you guys suggest as my next investment move?

Are there any pitfalls to watch out for?

My #1 piece of advice is to make sure you gather true apples to apples bids, that account for the entire scope of the project.

I have 3 clients willing to buy: they are highly focused on specific buildings (and line) they want, and are watching the market to attack potential distressed owners and grab the best deal.Hope it gives the perspective, even if it's only focused on Miami, that is one of the hottest market nation-wide and some dynamics that are very local (i.e. latin-american buyers buying cash to take $ out of their country) I think a lot of this data for miami is wrong. it's not a buyers market or even close to a buyer''s market. 

I would suggest watching some youtube videos, come up with your own variation of someone elses script and practice it until it sounds natural.

Posted 3 day notice, then, bam, out and code enforcement and the police came and watched me change the locks and posted no one could enter the property. 

What to watch out for when working with them?

I had to have the visceral experience of committing to a 30 year obligation was 5 times my annual salary and then watch it work out relatively risk free (because I have to live somewhere) to feel comfortable making multiple six-figure commitments. 

I watched a video/podcast once that showed a tool/site which allowed you to see what amenities the most offered amenities were in any given market/area ranked from highest to least (like A/C, pool, grill, etc).