I have 3 clients willing to buy: they are highly focused on specific buildings (and line) they want, and are watching the market to attack potential distressed owners and grab the best deal.Hope it gives the perspective, even if it's only focused on Miami, that is one of the hottest market nation-wide and some dynamics that are very local (i.e. latin-american buyers buying cash to take $ out of their country) I think a lot of this data for miami is wrong. it's not a buyers market or even close to a buyer''s market. 

Between that price range there are opportunities for value add/ distressed single families.

If you want little money in and starting earning I would consider trying to find distressed properties for flippers and deliver them through wholesale.

Stay away from the lower income areas, typically we see properties more distressed, more challenging situations with tenants and late payments etc, we manage around 400 units and from experience its worth spending a little more money to be in a better part of town with more qualified tenants.

But for non-distressed properties that qualify for owner occupied financing the MLS is a great resource.

Hi Nancy, Are you looking at distressed properties or turnkey rentals? 

If you are in a market where you don't have a lot of sold data, a couple distress homes could tank the valuation. 

I did purchase a cash-flowing rental in the Midwest in 2022 (I guess some here think that's impossible) and I just purchased a distressed property in California that I plan to add value to.

Many investors buy distressed properties because they can get a better deal and do significant rehab work, but it sounds like that it outside your comfort zone.

It is distressing to realize that as I retire I will not be eligible to use the bank to buy my next home.