Typically micro units are demanded in cities with ultra high costs of living like SF, SoCal, and NYC and even then there's a lot of backlash from developers building these micro units

He could afford a bigger home, a newer home, an ultra luxurious high end neighborhood, etc.  

I've been eyeing areas like Oviedo, Maitland, Altamonte Springs, and Winter Springs, all of which boast excellent schools and are known for being safe and family-friendly.

Maybe a couple of manufactured homes could work out.I have not, though I have looked at some inland cities close to here, and they have properties in my price point, but they also boast some of the highest unemployment rates in the nation (so does where I live, unfortunately).

But someone else funded it and the owner of the TK was also a mortgage broker and they did about 100 homes in this one town ( all in the lowest price ranges) Many never got rented all of them had conventional loans on them and ALL went to foreclosure over the ensuing years as investors just walked.Out of area investors Need to proceed with Ultra caution and make sure those they work with have impeccable creds..

Secondly the community is being destroyed by the ultra rich buying up all the housing as 2nd homes and leaving those houses vacant for most of the year, add to that any "affordable" condos ($600k+ 1 bed 1 bath) are being used for short term rentals.

This is how prices will come down, and it won't be a daily discount thing, it will start like molasis speed, ultra slow, and over many months grow momentum IF, and here is the big X-factor to it all, IF they need to.

If your property boasts desirable features, such as an excellent location or modern amenities, maintaining your rent even during the off-season might be feasible.

I do/did initially want to get started in the small, multi-family space for my first real estate investment, however, I'm beginning to see that it's an ultra-competitive submarket here in Sacramento.

Most of my clients are ultra net worth 8 figures or more.