@Staphon Smith,Great area to invest, I have a few clients that do some good work down there, and being from AR originally myself, it is a good area to look into.You definitely want to keep an eye on areas where the comps are going to provide a healthy cash flow.

It currently cash flows $700/month after taxes, HOA, insurance, etc.If I sold, taking into account the costs to sell, I could make between $390-$440k in profit. 

My focus right now is cash flow. 

I'd eventually like to move to several acres or more in the country (possibly with a tillable field that could also be rented to be farmed) and have these rents subsidize the increased cost of the mortgage so that my net mortgage (farm mortgage minus cash flows from these rentals) would be the same (or less) as a fairly standard SFH in the city, for a much larger property that would allow outdoor recreation. 

Any insight appreciated.Thanks,Hi Conrad, I had a look at the figures for Key West, and it seems that there is a lot of demand thoughout the year, however property prices in this area are quite high, which makes cash flow returns low. 

The first real consideration is the condition of the property, then how long you plan on having the property, then how much underwriting you want to go through - that gives you your answer! 

Most of our buyers are more concerned with COC or cash flow vs Cap rate, but this doesn't look out of line for our market with professional management factored in. 

For the same amount of money I can finance a 6-8 unit apartment building generating about 8-10X the cash flow.

So I purchase value add small multifamily and convert them to STR/MTR.My plan was to purchase them, repair the units, furnish all or most units, MTR/STR the units, cash flow like crazy, and then sell when I'm ready to move on.All has worked out except for that last step.

I wanted to know if people have invested in cash flowing multi-family with NACA and how their experience has been over the years.