Long distance rental property near the beach.

[David Zachery]

I've been on and off this website for close to a year, however my wife and I have dreamed of living near the beach in Florida for many years.  Currently living and working in Kentucky.  Our oldest starts kindergarten in the Fall of 2015.  

We go back and forth on:  

1. A) Moving to Florida
2. B) Buying a place near the beach to rent out and within 2-3 years spend summers there and rent it out the rest of the year (my parents did something similar).
3. C) Renting our house in Kentucky and moving to Florida

We have equity in our house ~$30k, just need the guts to pull the trigger.  Since we're expecting our 3rd child in May of 2015 I'm thinking this is the year for research and not a big move.  

 From everything I've read on here its no secret this is a wonderful community.  I welcome all encouragement and advice.  

Thank you!