I'm imagining something more like add a wall, turn a bedroom into a kitchen-living on one side and a formal dining room into a bedroom on the other side, maybe add a half bath in each unit.

You want to buy apartment buildings in the ghetto and turn them into Condos?

Also, once you get over 5 bedrooms you have to commercially park your project.

The company managing our property as a vacation rental was unable to get the power turned on in our condo for months because we had to get the meter switched into our name with the electric company (which is much more difficult to do in CR than in the United States).

I've noticed properties that are 2 bedrooms or less tend to perform better on this platform. 

The one in Naples took a 4 bedroom, and divided it up to 4 Airbnb units. 

The average rental home price I am looking at is between $175K and $250K for a 3 bedroom house that requires minimal work in a nice neighborhood. 

Ditch the red rug, increase art and add dresser, bedside tables to bedrooms.

Miami is a great place to invest both for short and long term rentals and with condos, property management is simplified but be sure to ask about HOA fees as early as possible especially if you intend to go with a DSCR loan.

This is largely because I can typically get higher rents in B and A-class neighborhoods without relying on Section 8.I’d recommend focusing your search on C and C+ neighborhoods, for both multi-family and single-family homes with more than three bedrooms.