Long Term Rental Investment
Hello Bigger Pockets Community,
I was interested in investing in a long term rental property in the near future, but live in Miami Fl. Where the property values are way too high to invest in. I was looking at the Davenport and Kissimmee areas where you can still buy a brand new house in the low $300k's. I would prefer a brand new or newer home as I would be managing it from Miami and rather not use a management company. I was wondering how the market was for long term rentals in those areas. I see a ton of people talking about STR but nothing about LTR.
Is there good demand for LTRs in these areas?
I noticed Amazon has 5 facilities in Davenport this should help provide renters with pretty solid employment. Any thoughts?
Should I be concerned about all the failed STRs turning to LTRs and flooding the market along with all the new construction?
I am a bit concerned about the quality of the schools in the area as I know that affects families staying long term in an area.
Thank you in advance!
Alex