General buying selling question south Florida

[Natasha Montgomery]

Hi, 

I have two questions. First I have a property I’m renting out its only cash flowing $200 and apparently there isn’t enough equity to do a cash refi. It’s a townhome. I was thinking of selling it. To start over basically since I think I may have overpaid… since I don’t have enough to pull out.

Second, I'm looking for a second place but I'm in south Florida and the single family houses I'm seeing under the amount I prefer to stay at are so so distressed (as in it's just not even habitable without major rehab) . I don't understand why someone would pay what I'm seeing them sell for. Anyways my two choices are to buy- buy a single family but either foreclosure or not in this area (but this is the area I want to be in and plan to house hack so should I just wait since market is expected to dip a bit?) or buy a smaller condo nothing above 3 stories… but again in this case HOA will eat my cash flow plus special assessments if any.

Maybe I should be asking does anyone know of off market deals in Fort Lauderdale. That are not cash only.