Buy rental in Florida or stick to NYC ??

[Christian Podedworny]

I have been reading and watching podcasts for the past 2 years which has given me the drive to invest in real estate with small steps. 

I would like to know if it's better to buy a apartment complex in Tampa/Orlando under $2,000,000 with a 8 to 9% cap or stick to NYC (Brookyn/ Queens ) where the cap is below 5.5% but the appreciation is greater?

I believe this topic has been discussed in the past but with the market prices, interest rates changing and differing views I wanted to get the latest advice.

Living in New York and knowing how quickly the prices shift with high appreciation there is much to be made but the low cash flow is detrimental to accumulating income from the initial acquisition.

How would you invest, where would you buy and why ?