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.

Depending on your goals you may want to consider purchasing another property here and building up on what you have already started.Some things to note...an $800,000 property and a $100,000 property roof replacement will cost approximately the same 10-15k range...in a market where historic appreciation (not just the 5-10 years) is little to none, spending 15% of a properties value to replace a roof which doesn't add any value takes away many years of future cashflow.

I would love to connect with other investors in the Albuquerque, NM area that would enjoy meeting up from time to time to talk real estate and build off each other.

Do you have any advice for how to balance that relationship as friends but also as renter-landlord?

Hi Stephen...Welcome to BP and the incredible wealth-building world of real estate investing.

@Dave Malone, I'm with @Tom Gimer on this one.  99.9% of the time a title company simply has a relationship with a QI either local to them or affiliated with their underwriter, or a national footprint QI like us. 

Yes and was quite abrupt about it, lacking any sense of client service or sensitivity to why I might object and immediately severed our working relationship, despite that I offered several other ways to meet her needs while minimizing how much I might compromise my always safeguarded ID.

Since it is a new build, water shouldn't be entering the basement unless there is a Crack somewhere right?

As you build your capital then you can start looking at multiple deals at once, but use it now on one deal, refinance and pay it off and have it ready for the next.

It's never too early to start networking and building a solid team in your prospective market, especially if you're considering investing out-of-state.