Newbie investor in florida

[Angela Romero]

Hi everyone! 

I'm new to the Florida area. I'm located in Miami but open to investing in other areas. I'm looking to in Single Family or Duplex/Triplex for TL rental cashflow. What cities/areas would you recommend for this type of investment? Miami and Tampa are two cities I looked up but they seem saturated. Looking to network with people in these areas too. 

Thank you!

Angela

[Stetson Miller]

Hi @Ray Foy,

Rents in Cape Coral will vary significantly depending on the area and condition of the property, but below is a pretty general guideline that can be referenced for different layouts you see commonly in multifamilies:

-2/1: $1,100-1,200

-2/2: $1,200-1,400

-3/2: $1,300-1,800