Investors must use cash to even have a chance.

As it sits it is worth around $280 ish and ARV is $340k according to me.

Does anyone have a rule of thumb for how much cashflow one should be getting for every million dollars of debt on real estate?

If you try to charge more than your property is worth it will sit empty.

The cap rates are only around 5-6%, which I’m already achieving with high-yield savings accounts—without the hassle of property management.I’m wondering if it’s worth pursuing the condo in Hallandale Beach or if I should consider investing out of state.

It's worth looking into at least.

At that point, it's worth researching and finding a solution that better meets your needs.

I would rather have cash investments on hand versus a paid off mortgage.  

Purchase price: $1,300,000 Cash invested: $1,370,000 Sale price: $1,500,000 Having great investment opportunity this year and particular one was quick and excellent

Is this worth the cost?