Good Morning ~
The Island Reserve units are beautiful and should be a good investment for long-term rentals (1+ year lease term). It is located too far from the beach for short term vacationers. Current asking prices start at $119,000 for a 1-bedroom and $164,900 for a 2-bedroom. Both of those asking prices are high when compared to 2009 YTD sales (auction prices were $77,000 1-beds & $85,000 2-beds).

Whatever you buy as an investment, do your math and make sure you can cash flow the unit or come close to it. Figure your projected monthly rental income minus expenses (mortgage, taxes, insurance, HOA, maintenance).

We are currently experiencing a very strong buyers market so your money goes a long way towards wealth building investments. This market, combined with the tremendous short- and long-term benefits of the new international airport, brings predictions of good value and profitable appreciation on purchases made today.

You can search all properties for sale, including foreclosures, and get buying tips at: http://www.florida32413.com

Good luck and let me know if I can help further!

Kirsten McAndrew, Realtor
BeachWay Realty
Santa Rosa Beach & Panama City Beach, Florida
(850)819-3806
kirsten@coastal-lifestyles.com