That's why we also choose high-end finishes to get great tenants and top rents - here is a walk-through video on some of the things we typically do. 

Typically when it comes to housing you'll want to stick to 3-story garden style without elevators and 18-24 units per building.

The investment projects with purchase &rehab these days are typically $70K - $100K with a finished retailvalue of $130K - $150K.

General interior remodeling work                                              $50,000 - $70,0002) Add for kitchenette & new bath & laundry                               $80,000 – $115,0003) Egress window well if necessary                                                 $10,000 - $18,000which is cleanly out of my price rate (to much money) and, here's another one The average cost of converting a typical basement to a legal rental unit will cost $85K - $ 95K and include:1.

If you are referring to cash as in mattress money/physical cash it cannot be documented.Gift funds however, typically don't need to be sourced.

Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

From what I've found, Miami as a whole averages approx. 80% occupancy @$300/ nightAppreciate any help here...... as I'm typically one to do the leg work.

Unit rehab typically only makes sense if the unit is in poor condition or very old.  

I did not know if there was a typical elevation above BFE that people want or is normal for the area?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.