any good "secondary" real estate rental markets to look at in FL?

[Allen Zhu]

most people love the south Florida  area most investors and realtors always recommend jax , mia , tampa. any other smaller non saturated markets?

Thanks , 

Allen. 

[Tyler Gibson]

Quote from @Allen Zhu:

most people love the south Florida  area most investors and realtors always recommend jax , mia , tampa. any other smaller non saturated markets?

Thanks , 

Allen. 

 Our team has been focused on areas that are developing, such as Lake County, Florida, which is within an hour of Orlando and is a growing family area where commuters to Orlando live. Lots of new construction that, if trends continue, should appreciate well. The main issue is that rental rates on the new construction make it challenging to cash flow much, if any, in the first 3 years. New construction has the benefit of having very low cap ex, if any, in the first 10 years. Here is a link to a data site that shows a 5% population growth in 2021. https://datausa.io/profile/geo/lake-county-fl

I am a big fan of Polk County, FL, between Tampa and Orlando.  This county has seen huge population growth in the last four years. It is almost smack dab in the middle of Florida and has access to two major airports within an hour's drive (On a good day in light traffic. Expect slowdowns every day around Disney between 8:00 am and 11:00 pm). The Brightline project may provide a commuter option in the future (https://www.fox13news.com/news/sun-rail-florida-transportati...). The Central Location of Lakeland makes it ideal for shipping logistics, and the local airport expanded the runway to allow larger cargo aircraft. This will bring more logistical operations to the area. With the future plans of vertical takeoff personal aircraft taxis, coming to Central Florida (https://tavistockdevelopment.com/project/lilium-lake-nona-ve...) would further expand growth. I believe that with recent advances in AI, computing, and drone technology, Polk County will continue to grow as a logistical hub and will need staff to support that effort. That staff will need housing. Communities need a strong healthcare system to grow, and Polk County has a level 1 trauma center. Check out some data about Polk County here https://datausa.io/profile/geo/polk-county-fl you can see it's position on the map. I believe there are more areas in Florida that have opportunities, but these are the ones I am aware of. 

Marion County has similar characteristics to Polk but is slightly farther away. Check out the data here https://datausa.io/profile/geo/marion-county-fl.