I bring up the rental property calculator, and as I’m in South Florida, it shows that nothing cash flows but incorrectly priced properties or unless I significantly increase the down payment to the likes of 80K or 100K. But bringing up Central Florida shows cash flow at the regular/default down payment amounts. I’ve asked before about buying in a different state and have gotten mixed responses. I am waiting for next month to see if a full time position opens up at my work, which would significantly broaden my mortgage/loan possibilities.

Some of my stock positions have gone down, so I consider those funds inaccessible for now. I’m not buying any more risky stocks and am trying to transition everything else I can in my stock portfolio into cash or equivalent. I figure that right now I have about $100K available if I were to liquidate what hasn’t gone down significantly.

If my job situation pans out, I am thinking about making a move to purchase a couple of properties in Central Florida rather than South Florida. I think even paying a property manager would allow for cashflow (obviously I would check before buying any specific property.) In South Florida, though I could self-manage, I would probably only be able to purchase one by using most of my accessible money. I figure that though far away, Central Florida is not another state, and I could be there in 3-4 hours if needed. We even have the Brightline train as an option here.

Could this work and what could I be missing?