Trying to Buy First Property this year

[Leonardo Roman]

Wow! What can I say finding this website was nothing short of great reading good and non hype stories/ideas from individuals just like my self is a treat. Thank You all for the knowledge. 

        This year I have set out a goal to buy my first property in Miami, FL. Knowing all the advantages that a first time owner has I have been really thinking the best route to go will be to invest in a Multi family home/duplex/triplex etc.  Few questions I have are what should be the total amount of monies I should have while trying to close and buy the property. Is going after a property that is undervalued and need some rehab the way to go even though now the total amount of money needed will go up  or getting a property at market value that is ready for tenants to move in or possibly have rollover tenants already the better way to go. Now I know I will not get all the answers that I need here but any suggestions or thoughts any one might have will be greatly appreciated.