It is a walk away from Sunny Isles Beach which has been developed for the rich and the famous.

Buy stuff that you want to hold forever...Kinda like that famous Warren Buffett quote, where he says his favorite holding period is forever.

If you don't have kids yet a lot of folks (most famously Chip and Joanne Gaines) BRRRR by living in the house while it is being renovated.   

On the spectrum of appreciation and cash flow, markets such as California are famous for appreciation but no cash flow and markets such as ( some parts of the midwest ), minimal appreciation if high cash flow. 

It's also got science behind it, and some famous people have used that method effectively; Teddy Roosevelt was afflicted with depression and used exercise to keep it at bay (and also cure his sickly nature as a kid). 

Not sure of any resources but here's my take as an active property manager.Lower end properties are famous for higher rewards but are infamous for higher risks!  

Tulum is where the rich and famous, the people with real money and the aspiring rich and famous go.

So I am suggesting that you might not need to look in a famous vacation market, where competition is fierce, to try out this idea. 

#joel owensmy patient does multi-tenant retail buildings and shopping centers, as well as single tenant triple nets. the list on his company's site shows about 3-4x as many single tenant deals (office depot, 7-11s, petsmarts, auto parts, big 5 sporting goods) around the country, than multiple tenant. i'm just a little concerned that "if the only tool a man has is a hammer, soon everything starts to look like a nail" as abraham maslow famously said. i'm not sure what kind of professional is best suited to provide advice about this situation, tho'.

Something easy to write on a check.My model for this is Jordan Belfort, the Wolf of Wall Street, who famously named his company "Stratton Oakmont."