Feeling very discouraged

[Kristine Eickman]

We are a couple in our early 40's and we currently own 2 very successful vacation homes in Florida. We are looking to get into our local market but vacation homes and LTR's are a completely different beast.

We want to be in a decent area of town and it seems like there are no affordable homes out there. In fact, it seems like prices are skyrocketing suddenly. We want something newer because we don't have time to deal with renovations. It is really frustrating to have money to invest - but nothing to invest it in! I guess we would not mind a crappy part of town, if we had a management company take care of everything, but that really eats into profits.

Is it possibly to buy in nicer areas and still make a profit?