I haven't been on BP long, but I think you can quickly ascertain who has real knowledge and who's blowing smoke.

Supply and demand economics would suggest that condos in South Florida have a higher probability of being profitable.

Since there is a limited supply of these assets, if you can purchase one in a solid location you are set up to see solid appreciation and high rental demand.

@Jake Smoke

I have new (1 month in) renters and they complain non-stop via text messages all hours of the day and weekends, about “strong marijuana and cigarette smoke”, coming from the bathrooms, kitchen sink and oven.

It will be issued to the tax ID associated to the account; you supply a W-9 form to the bank when the account is created that gives the tax ID.

This is the smoke and mirror approach to investing.

I have a very nice venue available to me and id be willing to supply food and drinks for everyone. 

Fort Lauderdale, Hollywood, and DavieLately, each time I visit I see new high-rise condo buildings being built so I am wondering if there is any risk of too much supply in the next few years.

In an active investment, boots on the ground are critical and you want concentration where you have a strategic advantage, which is usually your backyard ... if you want to diversify, then buy a passive investment like a REIT or S&P500 index fund and be done with it.2: 6-8% has been the long run average appreciation rate over the last 40+ years, and for almost that entire time it has looked expensive compared to other markets if going on price alone and people have been saying it won't keep going ... ask some old timers and look at the historic data if you don't believe me ... if you are talking about just this cycle, you may be right, but if you are talking long term, which is where your head should be IMO if you are getting into buy and hold REI, then I think the underlying supply and demand fundamentals are solid.