This is based on my knowledge investing in the same county, Lake County (Eustis and Leesburg) but not specifically Mount Dora.Expenses: Mortgage- (includes taxes, Insurance, HOA if you have an escrow)Electric- (hopefully the meters on the units are split or this will be your expense) VerifyWater - (usually not split in many multi-family) Verify, in my experience that cost will be at least $100 per unit so $300+ as it includes Sewer and Trash.Gas - (if there is 1 gas meter then you probably will be accountable for that cost if all units have gas) Verify that there are 3 that is split.Rental Permit- Some cities have this, friends of mines that rent in Mount Dora has told me in the past that they require a yearly permit for this.

I live on acreage outside of Leesburg, and homes in my "neighborhood" with 10+ acres have sold for record highs and in record time these last few months. 

Especially if a future silver line expansion (phase 3) takes the metro to leesburg from ashburn since then the real estate values in purcellville will skyrocket since that is not that far from leesburg. 

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Finally -be sure to setup some keyword alerts - especially for "Leesburg" so you can jump into local conversations.See you around the forums!

Is any town better than the other (Sterling, Ashburn, Leesburg, Purcellville, Hamilton, etc.) 

I believe you bought a property in Leesburg (Triplex on Line St.) that I had my eye on earlier this year.

I live in Leesburg and have been looking at real estate in Winchester as a potential investment market.

in nova you'll have to go to sterling or Leesburg.

We are in Leesburg, VA.

I live in the Leesburg area(about an hour west of DC) and am a new investor as well.