Labor is not cheap , workers comp for roofers is crazy high , add in dump fees .   

If you go through the MLS what you see are a TON of homes with high prices that are not pending sale.  

I'm doing all our projects in Columbus Ohio but just relocated to miami. we do multifamily and mixed use development and entitlements I'll shoot you a PM. even people in miami that I meet the numbers are tough unless you do a high density proposal and are very well capitalized. 

The cost of entry is low while the cash flow is high

My wife and I currently have 2 single family long term rentals and would like to add this to the porfolio due to their 3% mortgage and high equity.

The high down payment is necessary so that the DTI ratio is within the range to be qualified for a conventional loan. 

LOLLong term, especially in emerging markets where there is job and population growth, things will be fine.

Heeeey BiggerPockets FamilyI am a verrrrrry new multi unit investor (experience in single family home investing and renting out to the Section 8 population) with the goal to buy/hold properties for cashflow.

Its in a small town (20k population) and has no comps.

Fix and Flips:Pros: Potential for high returns in a short period.