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The market that I am in commands $1100 - $1400/mo for these properties.  

You might find that the more expensive duplexes are in better areas, in better condition and command higher rents. 

I use to give seminars looooong ago, when the questions start flying you'll need a very good command of the topic, need to anticipate what your answer will lead to for another question.

From our local market if you are in the premium areas where students rent you can command a large premium compared to similar properties just a handful of blocks awayI am not sure if I would confirm that college rentals = easy money but they are a great niche market within real estate investing.

Also keep in mind people with better track records can command higher premiums, whereas people with less experience might, depending on one's network, have to give up more of the pie.All in all, you could wind up with 50% of the profitability of the deal, but if you tell people that upfront, they'll think you're talking about the performance allocation and you'll scare them away.

I guess it truly depends on your budget, what you can get, and what the market commands in regards to rental returns and vacation rental. 

Since I wouldn't be commanding the highest possible price that I could get from the property were it rehabbed.

Choice locations could still command top end rents.

However, throughout many different areas of Miami, there are a lot of older, tired landlords and property managers that are either too lazy, too comfortable, or not aware of the high rents the Miami markets are commanding.