Being in Orlando bet you could book a lot of daily/weekly or monthly rentals.

Figure out your goal; dissect it down into daily, weekly and monthly critical tasks.

Hi there @Lou Smith, respectfully pushing back on behalf of us property managers :) In a competitive market like Orlando, it's critical to monitor pricing, online positioning/visibility of each home and much more on a daily basis.

In general if a property has been around that long it probably has “good bones”, but on the other hand it could have been a mining or factory workers home thrown together quickly and only meant to last a few years that has somehow made it the distance, by the skin of its teeth.

They will have to manage whatever you buy on a daily basis until you sell the property or terminate them.

I would presume it is based on the daily traffic but I have no idea how it works. 

They smoke marijuana daily on the property. 

Hello @Adam Pervez,Instead of selecting a location based on people’s opinions, I recommend selecting a location based on your goals.If your goal is a passive income that will get you off the daily worker treadmill, accumulating enough rental properties anywhere will work.

Of course, with all my baring teeth, the situation is much more complex: I absolutely don't want to inherit this tenant with children and deal with an eviction situation in MA - yet, I need this house for all hosts of personal reasons, including taking care of a family member with advanced cancer.

However, the ability to raise and lower prices on a daily basis allows you to make good cashflow when times are good.However, in the end, if I could - I would still stay with the recession proof nature of multifamilies.