Buying second vacation home/rental in Tampa Florida

[Bao Chau Tran]

Hi,

We lived in Washington now and are looking to gradually move to Tampa Florida.

We are trying to obtain our second rental home with the intention of living there in a few years when we moved there. So I have talked to a bank and we will try a second vacation home type financing with 10% down. Does this seem like a good down payment amount?

We are looking at Tampa Florida but willing to look at surrounding goof area too. Which area do you know that is good in Florida?

And what is the average rental amount in Florida?

Thanks!

Bao