It’s crucial to be mindful of area-specific dynamics, as some neighborhoods have higher crime rates.

But there is only so many ways to skin the real estate cat.. 

From what I understand you use AirDNA for dynamic pricing?

Hi Marcus,There are many ways to skin a cat per se lolPersonally, I'd rather have volume and 10 "in da hood" where the numbers don't lie and where I know what I'm doing.Then buying using a tonne of leverage and hoping the market will appreciate."

As an new investor you should consider which factor is higher risk - proximity or market dynamics. 

Alternative route I chose, I will leverage my duplex (purchased 4 years ago) equity through house hacking to have skin in the game on next flip.

This means both parties have certainty upfront.Market Dynamics: Just like with other financial instruments, market changes may benefit one party over the other over time.

I'd be happy to provide some recommendations and suggestions for your situation as a foreign citizen living in Miami.First, it's important to have a good understanding of the local real estate market, including pricing trends and neighborhood dynamics.

I wouldn't be opposed to having a little skin in the game (closing costs, inspections, etc) I would be living there paying market rent and doing the improvements myself.

I have a few lenders who do but they still require some money from the borrower so they have skin in the game.