After reading books and listening to BP podcasts, the most ideal investment strategy would've been house hacking via duplex/multifamily home, but seems like multifamily homes in Miami area are expensive, low supply and very competitive to find.

That's why I'm focused on adding supply, rather than speculating.

Is that currently supplied by the furnaces?

I offered his full asking price but in addition to my "cash offer" I also offered to pain the lien, to hire movers for him, provide moving supplies, provide a 10x20 storage paid for 3 months.

The demand for real estate and rental property is so strong that less than a four week supply of housing inventory listed for sale ( as of April 2022). 

There is a supply shortage in new homes thus making rentals in high demand and driving rents up.If you have any questions I would love to connect.

That's how crunched all supply chains are right now. 

If its more smoke it's just need gutting.

Municipalities have started banning STRs across the Country due to neighbor complaints about tenant turnover, noise, etc.Since you're looking at covering a large area, get good at finding and coordinating service companies to meet the needs of a hospitality business: cleaning, supplying, maintenance, etc.My $0.02 ...

He has refused to provide any names of tenants and to not smoke in the apartment.