Have MULTIPLE exit strategies, in case the market changes dramatically while you are working on your home.

Attracted to the warm climate and business-friendly governance, Miami is shaping up as a top investment destination for real estate investors.Miami’s housing market got a boost during the pandemic with buyers flocking from the Northeast and West Coast for a variety of reasons, said Josh Bolgren, senior vice president of region development at RE/MAX.

However, prices have gone up dramatically and it's very difficult to find numbers that make sense.

Properly sized fans, operating properly (at move in, instruct the tenants on the method and purpose for changing direction of rotation to push hot air down, or pull cool air up) can dramatically improve the comfort level for very minimal operating cost. 

That should help give you a good boost when it comes time to ramp up in the investing world.  

We dramatically improved the upper floor, added new gutters to keep the water out of the basement, and will add a 2nd bedroom on the main level before we sell to increase future occupancy.What was the outcome?

If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.COVID has loosened everything up and now 5% can be had in Manhattan, 6%-7% in Brooklyn and even 8% in the Bronx.

Unfortunately over the past few years, both of these variables have been dramatically impacted.

Buying a 6 unit, even 10, isn't dramatically different than buying a single family or duplex.  

While simple accents like knobs can contribute to a dramatic transformation of the space, hinges can be quite difficult to re-align, so unless they are in really bad shape I usually opt for cleaning-up the original hinges and re-hanging them.