Obviously I'm enamored with the idea of timing the market and you keep bringing up sound fundamentals that work regardless of my ability to read my crystal ball.

So to get the ball rolling I took the tax hit at ordinary income tax rates on my after-tax gains to fund my self directed Roth IRA.I'm still learning the ropes so I'm not sure that was the absolute best long term strategy.

Others to consider are Golden West and America First.

Sounds like you want to be fair, just remember if the building had gone  up you'd be in a different ball game.Any addendum on restricting candles,,, might be a good idea. 

I am a little confused on the city you're in... the cities of Miami and Ft Lauderdale do not border each other... there are several cities between, like Hollywood, Dania Beach, Golden Beach, Aventura, & Hallandale (the counties of Dade and Broward do).

I know its not your specific scenario, but maybe will give you some ideas to get the ball rolling.Jeff V

If the area does not support rents in that range it is not a worth while investment as a rental.This is only a rough ball park number.

There's nothing that says you have to go balls to the wall from the time you start to the time you finish.

Find out why the low ball listing price.   

As I'm sure you're discovering, BiggerPockets really is your "golden ticket" to great success in the real estate investing world.