Miami is ranked the #2 city in America where small “mom and pop” investors make the most money on rental properties on a month to month basis. The short-term gain measured the anticipated rental income compared to the estimated monthly mortgage payment.
In profitability from rising equity Miami ranked #19 with equity growing by $1,489 per month.
http://www.miamiherald.com/2014/08/15/4291330/zillow-miami-area-investment-property.html