Miami is been referred to the wall street of the south and Brickell as the Manhattan of Miami.

Asking price is an invitation to negotiate, not shelf price on a can pf peas.Some people think paying more than appraised value is overpaying. 

It was two-fold.1) I wanted to purchase a property but was working real estate in Manhattan at the time and a decent condo there was 1M+ and unaffordable. 2) I was seeing my hometown of Palm Beach Gardens, FL explode.

The same property, $1.1 Million, people cannot see it worth $2 Million in 2030.That being said, NOT All properties in NYC will do well.One of my former students bought a Condo in the Trump Buildings in the year 2008 for a 850 sqft Condo on the 16th Floor on 66th and Riverside for approximately $1 Million.The problem here is that he bought it with a 10 year Tax Abatement AND the huge amount of construction that has been occuring in Hudson Yards, where about 6k of brand new units are coming online, many starting their tax abatements.I helped him sell his Condo for just a little less than what he initially bought it for.He MADE ZERO profit on his Manhattan Condo as a Buy and Hold for the best 10 years of holding Real Estate.Even back then I told him that Tax Abatements do NOT help the Homeowner because Buyers look at the MONTHLY total Payments, not necessarily the price of the Condo.So when his condo tax was ZERO, he didn't think of it with the full tax applied.

. :) I just saw 12 wild turkeys in the front yard of our PF cabin this week.

@Slim Geransar hey I am getting ready to the do same thing I am from bronx ny but born in Manhattan let's connect and talk bounce ideas on how to navigate investing out of state will pm u with my cell #

The sf Peninsula is great because, like Manhattan, there is no land left to develop .

So in reality, what it sounds like you need is a hard money lender that can do a pretty high loan to cost loan and then fund up to 100% pf the rehab.

I want to buy a rental property in Manhattan, KS which will be primary home for few years.

Manhattan New York,  maybe...Atl, not so much.