The sun, great beaches, low taxes, perfect local cuisine and charming atmosphere are the key factors determining my choice.

Purchase price: $39,000,000 Cash invested: $80,000 Sale price: $435,000 3 Bedroom, 2 Bath Condo on Navarre Beach.

I got a deal on 2 (3 acre) lots (on lake Michigan) it is a few hundred feet from the lake, there isn't a direct line-of-sight with the lake, but the property does have deeded access to stairs that access a private beach about a 2 minute walk from the property.

Investment property is a beach home and used for vacation rentals (so, cyclical income that we mostly have to dump back into upkeep and insurance).

We cover the tri county including Miami, Broward and Palm Beach..

RyanWhen looking at a property that I think I could use for STR I always have a backup.My backup is if the economy went south or the county changes their mind on STR can the long term market handle the mortgage on the property.Down here in Manasota Key, Englewood Florida there are quite a few homes for sale close to the beach.

I ask because I see myself rehabbing houses in and around my current neighborhood or Fort Lauderdale & Pompano beach.

I ask because I see myself rehabbing houses in and around my current neighborhood or Fort Lauderdale & Pompano beach.

Investment Info:

Single-family residence buy & hold investment.

2/2 Apartments - Rental Unit

How did you finance this deal?
FHA Loan

What was the outcome?
Rented apartment

I am in the fort lauderdale / pompano beach area.