I'd suggest that there is essentially no tax implication for this as compared to your alternatives.

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.

Other than that, it is really a light doc loan with not many strings attached compared to a conventional mortgage.

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes. 

This plays into the affordability issues for tenants by allowing them to live in nicer neighborhoods for less money, yet I get monthly revenue comparable to short-term rentals.

What happens to the 'comparable value' if the area is uninhabitable or a community that won't return for years? 

Diversification into multifamily also lowers risk compared to a single rental, as vacancies won’t affect your income as drastically.3.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Appreciation = Specilation/Gambling.We have little control over the factors that affect it, albeit for making improvements that will force it to compare with other likenpropetoes that are in a higher bracket.

From what I'm seeing the prices are pretty comparable to Miami's on the MLS.