Only problem, they didn't do their homework, this wasn't an area where that sort of thing is actually sufficiently in demand to support that restaurant, at the prices they needed to turn a profit.

While I'm excited about the potential, I'm also unfamiliar with the specific dynamics of the Orlando market.I'm particularly interested in finding a small multi-family property (duplex, triplex, or fourplex) that would be a good long-term hold.

If you are using a conventional loan on the second home purchase they will consider the mortgage on the FHA loan, so you will run into issues qualifying with your DTI, unless you have enough income to support both mortgages.

Also, what hold times are expected on those investments?

Buy and hold?

We'll see what the future holds.   

Q2: Is this property a good investment and worth to hold?

Investment Info:Other buy & hold investment.

I advise people to hold property forever unless they can move the money into another investment that produces a greater return or moves them closer to their goals.

For almost all investors, buying a property off of the MLS at market price in a good location to hold for 10-20 years is the best option.