This affordability factor, combined with the potential for long-term appreciation and steady rental income, makes older low-rise condos a compelling investment choice for savvy investors looking to diversify their portfolio in Miami's real estate landscape.BUILD EQUITY – Investing in older low-rise condos also allows investors to capitalize on potential renovation opportunities.

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.Happy to share my experiences.

maybe you're losing a few hundred in cash every month, but i'd be willing to bet the appreciation, debt paydown, and tax benefits combined are seriously outweighing that. you could look at this like putting the negative cashflow every month into an invisible savings account for the future, like a retirement account. this obviously only works if you can comfortably lose that cash every month. you could also consider not renewing the lease and doing STR or MTR in that property?

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

In modern houses they aren't desirable.

@Kevin Sii haven't looked at your other posts but yes, this market will take some combination of money, creativity, and patience. 

I've probably made more money in RE in the last 5 years than in 20 years previously combined, and our population was skyrocketing *before* COVID.

Your incomes will be combined when you qualify for the loan, and both your names will be on the deed as “tenants in common.”

I’ve often struggled to describe the powerful combination of anxiety and elation of entrepreneurship but maybe I was not tapping into the right middle school memories, buried beneath braces and rejection.

You also lower your own cost of living so you can invest more.Rehabs are nice as well because you have a lot of value add work at the beginning which allows you to develop equity more quickly.Strategies like rent by the room, and short and medium term rentals can generate higher returns.Ultimate you probably want to combine all these strategies, at least in the beginning, to supercharge your initial returns before moving to a more sustainable model.