But....if this is new in Miami and you're perhaps getting top dollar for an A property with tenants who want it beautiful and will keep it that wall for the most part, then perhaps I'd do it.My lease says that repairs under $X dollars, (I think it's $40 but I'd have to look) are their responsibility. 

Heat and hot water included in rents. $270 HOA fee.

I happened upon South Beach Miami and noticed condos there for right around $150K or so for a 1br.

Constant issues with sprinkler inspections an boiler/heating issues.

A bit of a blip during the financial crisis in very expensive areas (I watched it happen in Manhattan), but that quickly corrected itself as it had more to do with the over-heated market leading up to it.In most areas rents were flat or actually went up.

all cosmetic work done plus new roof and heating What was the outcome?

(local area puts these more appropriately at $725-$750/apartment as-is)* 2 brick buildings built in 1970, separated utilities, W/D hookups, central heat/air, no major upcoming CAP EX other than minor parking lot repairs* Expenses around $8k per year for trash, landscape, snow removal*Taxes currently $4300, will raise to $13000/year after purchase* Insurance $3,200/year* 10% assumed maintenance/Cap ex @ $810/mo*10% property management * 5% assumed vacancy @ $405/mo (growth region w/ high demand actually averages around 2-3%)With my financing that I think I'll get (20% down for 30 years at 6.25%) here's my calcs:*Current rents = 20% COC return, with $1700/mo cash flow*$725/unit rents = 25% COC return, with $2,140/mo cash flowThoughts? 

I mean my golden bit my son who kept yanking on his tail Why take the risk.. and I am sure there are lovely pitt bulls etc.. and for sure the stero type is real.. and you see it all the time in low income areas.. they get raised poorly then just let lose wondering around the neighborhoods. or I have seen them staked in the back yards in the heat and no water..

Landlords, do you find it to be more difficult to find tenants if your property has oil heating?

HiMaybe someone knows how to find information about property in Miami LP and all that