Seems like with the high home prices and higher interest rates right not that finding a property at a discount to market value may be THE KEY to RE Investing.

Hey @Kevin Sierra, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Developing is a high upfront cost business.

Prices for whole buildings will obviousl vary based on age, size, location, but they are fairly high IMO. 

I highly recommend reaching out to @Allen Duan

It is in an area where land is high valued and scarce.

Obviously, I don't know anything about your finances, so for all I know, you may have a few million in the bank, and this project is just a fun experiment that wouldn't even be a drop in the bucket if it all turns south...but, regardless, you'll want to model out what would happen if this project crashes and burns...As you may know, managing a rental in a D to F area (or even a C area) is usually not recommended (for many reasons), and funding a rehab with credit cards is also usually not recommended (again, for many reasons). ...even highly experienced investors often won't touch anything lower than C grade because of all the difficulties of managing and re-selling them...If you're dead set on rehabbing the place and keeping it, I'd strongly suggest studying up thoroughly on the local rental market and tenant pool (e.g.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).

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.

It is down from 38% to 32% but its still abnormally high.6.

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