I actually just purchased the second one in March as the owner needed out fast and I had a few other reasons that made it a good buy for me personally.  

I personally think networking & closely monitoring other creative deals done by which attorney would be a good place to start.

Also, connect with other like-minded people in your community and attend as many in person meetings at your local REIA groups to network and connect + find out about off market deals and get on local wholesalers "buyers lists".Best of luck!

In the ten-year period beginning with Q2 2014, the South Bay submarket has experienced the greatest introduction of new inventory, 8.3 million square feet, amounting to 27.8% of all new competitive stock added to the market.Asking and Effective RentDuring May, asking rents built upon April's 0.2% decrease, declining by an additional 0.2% to $12.82.

Look for credible sources and experienced mentors.2.

Do you have an experienced team in the town your investing in that you can trust?

I personally do not think you can go wrong in any part of South Florida as long as the numbers work. 

Personally, I would wait unless you are dying to get in and renovate.

Any one also experienced hurdles and time frame in getting required permits and possible construction costs.

I've been studying videos and personally gone through these nightmare pop-up expenses via my rental properties so it's been actually helpful in my journey trying to find my own home to live in.