I have a unit I’d consider renting out to an arbitrage operator if you’d be interested in talking more about it.

It includes a 3-bedroom, 1-bathroom ranch house along with a private street hosting a small mobile home park with 5 units of which are owned by the seller. 

But I want to cash flow more somehow in thousands  not sure on your capital funding for Miami but if you have the capital and backing I'd look at development for STR towers in the 50-100 unit range. you can get lots around 1.2 million that you can go 12 stories on with structured parking in Wynwood right now that you can build a 15 million dollar asset worth 30 million. you can do the condo exit or hold it as apartments and permit short term rentals. there are some great articles about short term rental occupancy. miami has 22 renters for every 1 available apartment and has the #1 net migrations in the state of florida for cities and florida is the #1 net migration state. it is land locked and developer friendly. it's under built.

Ideally, I want to get properties that are 10+ units and will get me closer to my goal.I will admit that there is a certain degree of fear that I have in regards to starting this adventure. 

@Collin H. are you seeing your better units (location, amenities, decor, etc) outperform their numbers YoY and the opposite true to average and below average units?

I would buy bank/foreclosed/tax liens. maybe put down 5-20% down payment on a 4 unit. 

Historically, we are very well insulated from national market forces, although not immune.

I had a rehab project to fix up a unit.

-we have planned renovations and a long term tenant in place for this unit so we need to act as fast as possible.Thanks in advance

It showed 1 out of 10 nationally for last 5 years, 10 years, and since 2000.