A 1031 exchange is time sensitive but if you know what you would actually buy as your worse case scenario, you should be ok.

I would not Buy property in Miami right now, especially with the Condo Crisis.

I buy rental houses in Indialantic and Melbourne Beach, in addition to my Texas portfolio.  

Investment Info:Single-family residence buy & hold investment.

Where I made money was through renovations and ultimately appreciation, by buying in neighborhoods adjacent to where I lived, which I saw as gentrifying.  

Just finished 2 projects and looking to buy more. 

If the HOA told you upfront they don't allow short term rentals, and you're going to buy and use it for that anyways.....just remember when they fine you $5k, $10k, $20k that you will have no one else to blame but yourself.

I think it depends on the uniqueness of the house and neighborhood....if there isn't comps to support it...you are solely banking on someone buying ONLY because of FLW.I would surely get some second opinions no matter what@Peter Martinson

Investment Info:Single-family residence buy & hold investment.

If there’s anyone dumber enough to buy a $90k property that needs a $20k roof in a year or two, let them have it.