Investment Info:Single-family residence buy & hold investment.

I am interested in 3 to 4 bedroom single family homes to flip and small to medium multifamily for buy and hold.

Here in Chicago the most I’d be comfortable with holding is a trash out fee if they left trash in the yard.

Once i’m done renovating, I could refinance and pull the profit out and use that to pay the debt off and repeat the process. 

But I want to cash flow more somehow in thousands  not sure on your capital funding for Miami but if you have the capital and backing I'd look at development for STR towers in the 50-100 unit range. you can get lots around 1.2 million that you can go 12 stories on with structured parking in Wynwood right now that you can build a 15 million dollar asset worth 30 million. you can do the condo exit or hold it as apartments and permit short term rentals. there are some great articles about short term rental occupancy. miami has 22 renters for every 1 available apartment and has the #1 net migrations in the state of florida for cities and florida is the #1 net migration state. it is land locked and developer friendly. it's under built.

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.

Anyway given the huge amount of supply coming up in the area, you can’t afford a bad location or « bad » property if you want to get rented on a sustainable basis in my humble opinion.I would only get something like that if I wanted to use the property for myself only and want to be on the middle of nowhere.Hope this helps and sorry if I involuntarily poop the party but, at the risk of repeating myself from previous posts you can’t expect to buy by anything in Tulum and make or not lose money.

At this point when I began seeking property for buy and hold, I learned that I have the credit score but not the 20% down.

I was getting an app error and my posts (answers to questions like usual) were repeating themselves accidentally.  

Formed an LLC to hold title to the property.