I would advise you to look for a house instead of a condo.Condos have many fees, rules and can have expensive assessments for repairs and improvements that you will be forced to pay.Also Condos are a dime a dozen so the competition is fierce which drives the nightly rental rate way down.

If you put that in terms of percentages for a moment - that is $120/$300 = 40% of your net profit going to the property manager.Often property management charges the first month's rent as a fee to place a tenant.  

That’s with a property manager handling everything and after their fees and reasonable repairs and vacancies baked in.

@Tyler Kesling, if it's an FSBO, the owner is likely not going to pay the broker commission fee, which means that it will be added to your cash to close.

Fees for new construction , between capitol connections , impact fees , environmental fees , engineering fees , etc  you CANT build AFFORDABLE housing .   

Florida also has some hidden gems in other counties but Miami is over priced as you well know.

📍 Property: 88 Innis Ave, Columbus, OH 43207💰 Bought for $1,000, Sold for $40,000📅 Total investment: $5,170.36📝 Licensing Fee: $3,000⏳ Processing time: 58 days from purchase to disbursement🔑 Key Numbers:Profit: $34,829.64ROI: 673.64%Annualized IRR: 4098%Ever wonder how land entitlements can deliver these kinds of returns?

I would give them homework to complete in between the phone calls and if they completed the homework they could earn back half of their coaching fee, making the coaching program only $2500.

In my experience it helps keep pre-applicants organized and is an actual sight with a google-able name so it doesn't seem as scammy.The background check and credit fee is $30 paid by the prospective tenant but I always tell people applying for my units ahead of time what my credit and background requirements are and that if they pass those qualifications (plus the reference checks) and sign + pay the deposit that I will reimburse them the application fee.

From prospective clients we get pushback....but we don't care, we just bring the property to a past client and they buy it without issue to what our fee is.