I have managed STRs for 10 years in Los Angeles, so I understand the business and operations.

These platforms are affordable and offer comprehensive reports (credit, background, eviction history) without you having to handle sensitive information directly.Verify Employment and Landlord History: Your plan to request pay stubs and a landlord reference is solid.

Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

But I also understand some people don’t really care about the cash flow as much as the security of not having to worry about a vacancy or whatever.

I'd be happy to provide some recommendations and suggestions for your situation as a foreign citizen living in Miami.First, it's important to have a good understanding of the local real estate market, including pricing trends and neighborhood dynamics.

It’s a solid way to build wealth over time.Good luck!

@Jeffery Jones you understand you'll be buying Class C & D properties, not in the best of areas?

Your understanding of NOI, deal negotiation, and long-term strategy are assets that make you stand out. 

These requirements are solid, keep them: Application: Everyone aged 18 or older must complete an application.