Skip the rent so you are ready to pull the trigger when you find a good one!

It's always a good idea to visit a city before you pull the trigger to purchase your first property.

Could you trigger a due on sale clause? 

I did lock one in the low 8s the other day, inherited property, borrower's only experience was in severely mismanaging that very property (hence needing cash out...), very low liquidity.

Also some wholesalers don't understand the process well and don't lock in fully executed contracts.

Similar to my previous question on Wi-Fi locks, what are people's experiences with modern thermostats?

However, I think you may have missed my point, a little.I bought at market or over-market value just to lock them in, NOT wholesale or a discount.

Lot of good strategies with a heloc but I prefer to lock in the costs with a fixed rate loan and know what I m going to be paying.

But I want to cash flow more somehow in thousands  not sure on your capital funding for Miami but if you have the capital and backing I'd look at development for STR towers in the 50-100 unit range. you can get lots around 1.2 million that you can go 12 stories on with structured parking in Wynwood right now that you can build a 15 million dollar asset worth 30 million. you can do the condo exit or hold it as apartments and permit short term rentals. there are some great articles about short term rental occupancy. miami has 22 renters for every 1 available apartment and has the #1 net migrations in the state of florida for cities and florida is the #1 net migration state. it is land locked and developer friendly. it's under built.

Transferring your property with an FHA loan on it will trigger the due on sale clause.So, you should speak with an experienced real estate attorney.Of course, many will post here that they've done it and were never caught.