Investing in Orlando, FL

[Account Closed]

Hi

I currently live in IL and read that Orlando, FL is a good place to buy a rental property. I would hire a property mgmt company if I were to buy one since it will be out of state for me. Has anybody done this for the first time and is it giving you cash flow? I will be renting long term, not looking to do airbnb unless thats better to do there than renting long term. Please advise. Any insights? I'm trying to choose between Ohio and Florida. Thank you.

[Remington Lyman]

Quote from @Account Closed:

Hi

I currently live in IL and read that Orlando, FL is a good place to buy a rental property. I would hire a property mgmt company if I were to buy one since it will be out of state for me. Has anybody done this for the first time and is it giving you cash flow? I will be renting long term, not looking to do airbnb unless thats better to do there than renting long term. Please advise. Any insights? I'm trying to choose between Ohio and Florida. Thank you.

I started purchasing small multifamily in Columbus, Ohio 5 years ago. The cost of entry is low while the cash flow is high. Columbus is the only Ohio market that has seen rapid growth in jobs and population.