Hi Paul,Orlando is a great area to invest, rental market is good, and we have such as diverse rental pool of people from all over the world.

Location Investment criteria> 50,000Near Walmart, Lowe’s close driving distanceUnemployment < 8 %Median household cost > 100,000 so you are not competing with stick built homesPopulation growing, stable, not significantly declining Great School district Crime rate not crazy Job diversity: call chamber of commerce, new jobs/employersPlanning and zoning figure out what type of zoning you have what you can and cannot do.

I like the added diversity in having a rental, and want to do more.  

My thought is that a four-plex would be small enough to learn the ropes and diverse enough to not lose a lot when 1 of the units is empty.  

Finally:  if you are diverse in REI it shouldn't matter whether the market cools down or become hot.

The diversity in employers is amazing and it leads to that stability. 

We also got started in renting out our home when we were transferred and the bug bit us.You will love the diverse community and all the resources.

Or would you rather live in a modest community where you get a diverse, genuine people who help each other?

If you are targeting current cash flow areas, then I would aim for a diversity of location as much as timeline.

The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here.