Demand is still insane with net migration upwards of 250k/yr for the entire state of Florida, Miami is a big chunk of that.Good luck on the pitchThanks for the comments....According to Miami Herald reports July 22, 2021, "Miami-Dade and Broward are the only counties in Florida that require aging high-rises to get reinspected once they hit 40, and every 10 years after.

Another point would be to check comps, as high activity is a good sign for BRRRRs.

Most condos don't appreciate much (especially in today's market), and I am seeing HOA fees continue to rise year after year.In terms of value added, it costs about $400/sq ft for a standard ADU here in San Jose, so it would be worth it only if you are in one of the highly sought-after neighborhoods.

This is most important to me as I earn high income and have a high tax liability.

So i want lenders but the 20% dwon doesn't work for me it's to high i get 11% rate and 20% down but the down payment too much for me not work for me 20%.. so if you can help with this or you know someone you work with and you trust so pls let me know... ty have great day

I would highly recommend implementing this investment strategy first so you can dip your toes into real estate before trying to tackle a BRRRR deal. 

Its not even in the news cycle about "ambulance chasing laywers" suing high networth individuals. 

High credit means this is someone who pays their debts. 

I highly suggest that you tune in to the BiggerPockets Podcast and connect with the local lenders and brokers of the market you choose.

I would like to have someone service the loan but most seem to want at least $45 a month which seems high.