With effective management, properties in the right neighborhoods can yield handsome returns, potentially meeting or often exceeding your 7-8% net target.Regarding the most attractive area:Each neighborhood you've mentioned offers unique benefits:Miami Beach: A world-renowned destination with high demand from tourists year-round.

Often times we have deposits sitting in checking earning nothing waiting for bills and these deposits from business are now lowering your daily balance- or high income W2 earners seeking a way to put every cent they have available to be put to work against their mortgage, prior this strategy didn’t have as much merit since rates were so low in 2020- mid 2022 but lately with short term money getting 4-5% returns its becoming even more effective

This transaction not only delivered a solid profit but also showcased the effectiveness of our renovation strategy.

All that will bring both downward and upward pressures on the prices.The net effect on the prices remains unknown since Florida remains a desirable location.

I read the article.The last sentence says these provisions do not take effect until a resident has lived in the property at least 12 months. 

Converting a garage is generally one of the most cost effective ways to add an ADU.

Focus on positive cash flow, high-quality neighborhoods, and properties you can effectively manage given your current situation and experience level.

@Dell J.I'm not surprised the the USVI is being hit, as it's in the middle of the Caribbean and the effect on tourism hasn't been that much affected yet indeed.

The building is effectively 50% commercial and 50% residential (both in SF as well as projected rent roll).

Doing the project ourselves has deem more cost effective, therefore minimizing our rehab cost.