Renting out homes in SW Florida
I'm speaking specifically about the Estero area in Fort Myers. I don't live in the area but considering buying a house there and renting it out when I'm out of the country.
But I just looked on Zillow, and there seems to be A LOT of homes for rent in the area. That doesn't add up to a good place to try to rent out homes to me.
Does anyone have any inside info on the area? I'm just afraid of getting a home and not being able to find any tenants.
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This doesn't look encouraging for Lee County:
http://www.new.m.yahoo.com/w/ygo-frontpage/lp/story/us/76949/coke.bp?ref_w=frontdoors&view=fav&.sep=fp&.intl=us&.lang=en&.ysid=1cGO0TcQLNDKdUAl3ppC9w--
Are you planning to live in the house eventually? How long are you going to be out of the country--if it's only for a year or so, the market will probably still be collapsed down there and you could just buy when you're ready to return and avoid dealing with tenants, and still get a good deal.