Temple Terrace is probably a high demand rental area because of USF. Also New Tampa is a good option (as long as you're not paying high CDD & HOA fees). You need an analytical Realtor to help you evaluate the expected rate of return.
Also you may be able to find a better bargain if you wait until May 1st if the first time homebuyer tax rebate program expires.
I'm hoping it will get extended to Sept 30th/Dec 31st closing but if it doesn't there will be less buyers competing for the same properties.... more
There are several active listings and even a short sale, preforeclosure, listing that is already completed. Find a Realtor to assist you and she/he can get financial information and do a lot of background work for you. It's free to you as the Seller usually compensates the Realtor.... more