Miami airbnb investing
Looking to buy a condo in Miami for short term rentals. The condo market seems to be on a downturn and prices seem to be at a point where a decent profit can be made on Airbnb even after the high condo fees (atleast on paper). Currently looking at Opera towers, Grand, 1200 Brickell which are few buildings that allow daily rentals.
Would like to hear thoughts and experiences of fellow investors in the area. Is this a right time to buy or should i wait ? Does Airbnb makes sense ? Is anyone else thinking or currently doing the same ?Any other buildings apart from the above that are good candidates ?