New Real Estate Investor
I am new to Real Estate Investing and am looking to purchase my first investment property in Miami. I have been using the 1%/2% tests on prospective properties and am having a hard time finding properties that exceed 1% on the test. Has anyone had this issue in the area and been able to successfully generate cashflow on their investment property? If so, what areas in Miami-Dade have been most successful?
Also, does anyone have any recommendations/preferences on single family, multi-family, or condo investments in the area for a first time investor?
Appreciate any advice! Thank you