There was a romantic or savy flair to it...at least to me, LOL.After making a serious decision & dedicating myself to education, time, effort...it was a 12 month process.It would have taken less time but this was secondary to dealing with short sales & REO properties in another state.It varied pending the lending institution.

I'm at the top of many natural Google searches within my spin-off business (related to IRS tax lien marketing) and it's 100% because of my no-fear attitude with sharing "trade secrets".

I like to believe that this experiences will give me some advantages during my seek of sustainable wealth through Real Estate,  Truth is I wish I had concentrate my efforts in this world way before.About Miami, depends on the area, speak Spanish may be useful, I don't know how is the Market according other areas, but still there is some move, the prices are really high, but I have seen some investors finding deals out there.Take Care, and listen to the Bigger Pockets Podcasts. 

I am trying to move forward very soon (as in less than a month) so hoping that starts me offi have almost 0 time to manage and i understand even TK with a property manager is not 0 effort but i work 90-100 hours per week at my W2 job so maybe focusing on less OOS investing or at least not too many far apart... 

There's enough distressed inventory to continuously operate for enough time to make sense to put in the effort to set up shop.Ignoring #2 completely, there's no cash flow in SF.

You also need to make a verifiable effort to lease or sell the property in the meantime.

.🧐😉😁  The secret sauce doesn't come for free. 😁 As for me, I'd be more than happy to deposit refinanced money (mine or the bank's) into my savings account as long as there is positive cash flow.

We greatly expanded the scale of our efforts to develop our rental portfolio and haven't looked back since.

I work the Lehigh Valley and Monroe county markets, and most of my clients are out of state investors from NY/NJ.The good - with a little effort, you can definitely get deals that will cash flow in the $150 / unit range as completely passive assets.

Tearing down is more expensive and takes longer, especially when you factor in time and effort to get permits, zoning approval, environmental approvals, etc.