Tampa FL, Wesely Chapel or Lakeland?

[Joanne Tsai]

Dear BPers:

We are in FL vacationing, and are thinking of investing around Tampa area. We know that these surrounding areas are growing rapidly, but don't know where would be our best bet. 

It seems Wesely Chapel has somewhat of a better school, but lacks of employers/industry of it's own. Lakeland, on the other hand, seems to be attracting companies to move in. What's a little concerning to us is that it seems there is just so much undeveloped land around these two towns, if the possibility to build new houses is not confined, what's the likelihood of appreciation? and whether that should be taken into consideration of buying new/existing homes? We are buy and hold investors, and would like some cash flow, but would want to invest something that has appreciation potential. 

We are unfamiliar with FL investing. So any pointers would be greatly appreciated.

Thanks and happy holidays!!

Joanne