Rental Property Market Analysis Cental Florida

[Eric Starks]

I am currently doing my market analysis in the central florida area and narrowing it down to my top cities. I am looking for a little advice on what others have done and how far I shoud I narrow my search.  Should I stop at the county level, city level, or zip code?  Should I look at multiple markets, lets say my top 3 - 5 or should I focus on just one?  Any  help is greatly appreciated. 

[Brenton Miebach]

I have some ideas about this related to specific areas. Which, I guess, answers part of the question, at least from my perspective. I feel that if you have a good idea of your ideal investment (long term, short term, multi-family, single-family, etc.) it will be most effective to narrow down specific areas where you will have the greatest chance of finding investments that fit your strategy. For example, if you are looking for simple SFR houses to rent long-term, you would likely have success doing a BRRR model or purchasing homes currently occupied by tenants in an area like Deltona. Whereas, if you want to do short-term vacation rentals, you would likely get better results in Kissimmee, Ocoee, Apopka, etc. Multi-family/apartments would probably be best closer to Orlando. For flips, I would say Sanford, Winter Springs/Oviedo, Debary, Deltona. I just moved here from Ohio, and I sold several of my rentals there before moving. I haven't started investing here, but those are some thoughts I have had on the matter.