It was a shorter term situation (couple years) and they made lifelong friends in the process.

Wondering if anyone else has had luck.ITs getting tough, but we have found a couple in Oak Cliff. 

Hey-- I have spent a lot of time in Miami growing up and have also done a fair of amount of scouting for AirBNBs in the area.I feel Miami can be a good market, but you'll face a couple of issues:1) HOAs will usually not allow this in any building2) To do it legally, at least on the beach, you will likely need to buy in a Condo Hotel. 

If it's a long term buy and hold it's not a huge deal as long as it produces enough cash flow to be worth it.I would pay a couple hundred dollars for a structural engineering report and take a reputable mason to evaluate it as well. 

Here are a couple ideas for you:comercial properties usually need 25% down and 6 month reserve funds.  

I read the discussion that was posted a couple months ago, but no one mentioned the accuracy of their comps...

I'd make a couple of comments:I use Quicken for all my bills, personal and real estate...I have not written a paper check in years. 

Get a couple other opinions from other agents.

But, I hesitate to use up what we have now on acquiring rentals and not have any left to acquire more or do the occasional flip for capital.So what we were thinking is to reverse that and try to get in on a couple of flip deals first to build up some more operating capital and then start buying rentals with the occasional flip along the way.

I have owned a couple of multi-family properties in the past and loved it but took a break to focus on the kiddos.