Yet another Newbie who's looking to invest in Orlando

[Han Gu]

Hi all,

Hope you guys don't mind another newbie announcing thread here.

I've been looking for ways to help me truly become financially independent, and I want to use REI to get there.
I am not looking to do anything fancy. Just plain old, buy, hold, rent out, and hopefully generate enough cash flow to get my financial freedom somewhere down the road.

I'm living in New York, but real estate here is way over my budget. I've been researching Orlando due to its population growth, job growth. ( At least according to stats from Forbes' article)

I heard from someone that houses in Orlando get a lot of damage due to its weather and geographic location, and that one shouldn't hold a property for more than 10 years, which is why there's a lot of new builds there.

Living in NY, houses here last forever. It's common to buy house that are built in the 1960s or even earlier.

Is it really true that houses in Orlando lasts that short?

My budget is 150k to start. My hope is to buy properties, get a property management firm to help me manage it, and rent them out. Over time, accumulate enough cash flow from rents to cover all my expenses.

Is that budget and approach still feasible in Orlando?

Thanks again in advance guys.