Much like what was mentioned above, it really depends on the property type/characteristics as well as whom you'll be seeking to attract.

Always do the analysis numbers and try to look at the property before you make an offer or at least have a clause in the sales contract that will allow you some time ( about 15 days) to look at the property and possibly back out of the deal with no mo more penalty than you paid in earnest money.  

Always do the analysis numbers on your deals to make sure they will work good and try to look at them before you make an offer or at least have a clause in the sales contract that will allow you some time with to give you the time (about 15 days) to have an inspection and possibly back out of the deal without a penalty over your earnest money amount.  

Either way, it is a useful thing to have as a Real Estate Investor ... being labeled a speculator doesn't hurt and you can just tuck your head in if you need to to ride out the downturn, though those are the best times to seek out additional shells :)

As of July I will be based in Broward County FL seeking the same respite from life in the northeast.

The terms are that he'll carry the note for five years with 6.25 ballon 15 years amoratized and no repayment penalty.

@Bryan Hancock - While there is that school of thought saying exactly what you said - "Rates are low, I can seek greater ROI in XYZ investment vehicle(s)." - There are and will always be some people who favor the peace of mind of knowing they are less in debt, and less in debt sooner.

I am seeking some current Miami-Dade investor feedback on average cash flows per unit being received from 2-4 unit properties in the area.Looking forward to the feedback!

We tell customers that we will start work the first Monday following permit issuance, and we seek a permit after contract execution.

My goal is one year of upgrading to bring the value of the property up, moving and raise the rent to $1750-1800 for both units (My realtor suggested those number because of the area and comps)I qualified by myself for the loan so that it enables my wife to seek a loan for the next rental property.