Connect with experienced investors through networking events, real estate forums, social media platforms, or directly.

BLOW UP your mind with focused market research (think specific neighborhoods), networking events, more books, or maybe a financial coach.

I speak about OPM (I own a brokerage) and have spoken at a WREIN event as well about PML and HML.

Hi @RonnieI would suggest utilizing the BiggerPockets local meetups tab to network and find out who is RSVP'ing to the events in Miami and targeting those specific individuals given you're out of state. 

Bottom line is I'm a bit wary of getting into this again and would really need to be sure that the first lien positions were solid, the borrower had enough skin in the game and the property was in an area where resale or rental would not be problematic in the event I had to foreclose. 

I just attended an event with this exact topic.Get all the information then make your decision.

I liked Nathan's reply because it is totally possible to buy rentals with little to no money down, but you should definitely have some sort of cash on hand for general operations and unforeseen events. 

You will learn a lot more talking to people in a room that you will on a forum because good or bad, a lot of people will not say thing online that they might tell you in person.That's why I would look for a local REIA group or SEVERAL, fly to that city and attend these events and talk to people, get the lay of the land and ask about what you are being told and see if it vibes.Back in 2008, 9, 10 I was getting calls from a lot of out of state investors who had scooped up houses at great steals here in KC for 100k $150k and their cash flowing tenants had vanished, or stopped paying and been evicted, the property had been vandalized and they wanted to sell  . . . back then the most I would offer them was $5 to $10k. 

Expand your network and explore social media events and make sure to connect with local lenders and brokers as it's beneficial for achieving your goals.

Most of all, when you go to these events.