Hi Account Closed,Purchasing a pre-construction condo in Miami for the purpose of short-term rentals (STR) is a lucrative one given Miami's unique position in the global real estate market.

I like targeting what I would call secondary or tertiary markets, because the lack of supply and the lower competition.

nope rentals but that's just based off of Zillow...my point being that state of the investor rental market has changed and to be aware of the competitive landscape, regardless of the type of exchange.

I strongly prefer as little competition as humanly possible. 

The difference in this portion of the execution can be $30k-$60k/yr more money in your pocket vs. that of our competition all other factors equal (such as the property size/location).Next, to drive costs down, I co-host (only for clients) at 15% which is 5-15% less than the large PM firms.  

A fourplex is my vote because there is less competition due to the higher price point and barrier to entry.

Assessing the current market conditions and property values in your area can provide a clearer picture.Current Market Dynamics: Consider other factors like inventory levels, the competitiveness of the market, and personal circumstances.

Values at least in our market were quite sticky and on top of that our competition when rates sky rocketed de engineered their houses to get their prices down. 

Purchase price: $140,000 Cash invested: $20,000 This was my first home that I purchased back in 2021 when interest rates were still low and competitive.

You should also research your competition and see what people are gravitating too.