For investors, the current market presents a mixed bag: while short-term rental income may be lower, Miami remains a strong market for long-term growth as affordability attracts more tenants.What’s your take on Miami’s rental market?

I am working toward passive income to live off of.

You'll have to look at the income and expenses to predict whether your cash flow will improve.

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

Your income isn't high enough for it to make sense as a rental and the closer you get to your residence limit the greater pressure you will have to sell it before losing your exclusion in whole or part. 500k right now can make $15k per year income with zero maintenance or tenant risks. 

I know many investors go out of state for buy and hold properties to generate passive income, but is Blythe a lucrative market?

Quote from @Clay Gross: I don't think it's worth it, I see a lot of goofballs with the peace sign on their hat and their car selfie profile pictures asking pretty basic questions in a lot of public fb ws groups. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Long-term tenants provide consistent income and fewer turnovers.3.Long-Term Growth: Germany’s real estate market avoids the volatility seen in other countries.