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I do know that with this being my first rehab,it’s a gamble.

We’ll live in for the first few years, hopefully having $1,000 per month from having no rent.I’m a bit long winded, so I apologize ahead of time.My wife and I are going on a second visit to a property here in a small village on the border of Cincinnati. 

I live right on the New York state border where property is much cheaper but so isnt the rent.

Its a gamble but most things in homes are. 

I avoid pulling comps from properties  on the other side of Main  Streets that border the property. 

The area is residential bordering on industrial. 

California is not the market for cash flow, it is the market for appreciation which is speculation (gambling).

You can't confine your Central Florida rental search to just the small borders of Orlando city proper.

Either  1) You have the money to be cashflow negative (including mortgage) for a hold and flip with appreciation (gamble) 2) If you had the skills, you could find fixer-uppers and flip or improve equity and hold (safer) 3) Or you could be new developments that are ready in 1-2 years and flip them which I have done quite successfully.