It’s a 3 bedroom home, brand new build and just shy of 1500 sq ft.

@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

And , since I had been working in an industry I really wasn’t passionate about, this was my chance to try an industry that I have had a passion for for the last 12 years or so.

To build momentum, I’d start small, assemble a reliable local team, and ensure the properties I invest in have strong fundamentals.

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

Typical equity build up time is 5 years, depending on your market.But can you purchase another rental using your own capital?

But my experience over the last 10 years of building new homes is that NOTHING comes down might stay the same but will rise almost annually Like Cement always goes up in Jan. 

My best piece of advice is find the most nit picky building inspector you can.

Verifying last 2 years of rental history very important!