It’s crucial to be mindful of area-specific dynamics, as some neighborhoods have higher crime rates.

Here’s why I’m asking: I have an Excel model that analyzes deals for a specific region.

Also, make sure you thoroughly research rental demand and average rents in the specific area of Miami you’re considering.

Not specific to PPR but with any fund you have to ask two questions:1.

Ask specifically what is needed to comply. 

It can be done but each situation is specific and would be underwritten to see the risk and what the exit strategy is. thats the key with shorter term loans - understanding what the borrowers exit is.

These can be great for making initial connections and learning about specific markets.Since you're thinking long-term, consider spending some time in your target markets to build relationships with agents, property managers, and contractors.

Here are a few additional strategies that might help mitigate risk if you decide to rent the property:Hire a Strong Property Management Company: While you’ve already spoken with some PMs, consider finding one with extensive experience managing single-family rentals in Cook County specifically.

Usually, by the second month, you are figuring out how to evict.Sometimes we have a specific unit that has been on the market a long time. 

As for Alexandria specifically in terms of regulations don't take advice from a public forum - look up the laws yourself and make sure you understand them.