Looking to buy first property in Miami Beach, have a few question

[Jason Philippi]

Hello everyone,

I'm new to this site and am currently in the learning/research phase as I save money for my first property. I'm looking at Miami Beach.  I am wondering which type of condo is better for this area, a 1 bedroom or 2?  I'm most likely going to do short term/vacation rental. I live in NJ so would need to hire a PM to manage the property for me.  

Thank you for any advice and help you can offer a newbie trying to get into this exciting world. 

[Jason Philippi]

Thank you. Yea i saw the zoning map of the town that shows the limited area for short term rentals. I'm glad they at least still allow it it some areas of town, for now at least.  I'm open to long term rental as well of course, but from what i've been reading so far str has potential for more profits.  But alas i am early in my stage of educating myself. My thoughts were it'd be good to be close to heart of things to attract vacationers. But perhaps going little more north of Miami Beach, just out of town would be better?