The bad economy has wreaked havoc on condo association finances.

Many of the economy living places around here do not actually have a kitchen.

Based on your recommendation I am open to Central FL, and you have justified the economics as that was one aspect I had no clarity how the economy survies inorder for the rental market to provide a stable cash flow.I also as part of research read that there is a 6% tax on rental income I am not sure if I read this correct, so other than higher insurance and property taxes are there any other expenses that I have to factor in specific to that state ?

AZ has a shortage of housing and the economy is strong.

The benefits are learning systems, economy of scale, and structure.

Better economies of scale and consistent income streams.

Hi @Wendell De GuzmanThat's not a lot of information to go on, and you shouldn't focus solely on the cash-flow...There are other factors you should consider:What's the economy like (unemployment, jobs & job growth, business climate, migration, etc.)?

They don't have the valuation approach, economies of scale, or financing options of larger multi-family properties, nor are they as easy to sell or value as SFH's.  

You can enjoy his articles about the US economy at www.fool.com.  

Bottom line is in a market economy if a big dog is willing to pay more then that's a fact of life.