Due to recent foreclosure and short sales, many people in So. Florida are renting.
The vacancy ratio is extremely low, which is great for investors like yourself.
Some areas are more popular than others (more popular are located closer to the beach or in the areas of better schools). High cap rate areas may not be a good investment long term (due to tenants turnover and eviction expenses), while lower cap rates might be really good in terms of capital gain within next 5 years.
For more detailed and confidential discussion,
Beachfront Realty, Inc.