I would suggest The Rersearch Triangle in NC.That is Charlotte, Raliegh/Durham. These are quite a ways from you, however that is where I would put my money. Seriously though the area you mentioned has no appeal for investors, or I should say smart investors.
If you wish to stay in the state try just north of Hillsborough County(for the life of me I cannot recall) but maybe Manatee County, but stay just east of the wind zone for HOI. Thats my 2cents.
If you are looking to purchase a home or condo and not going above the 100K then I would look in Metro West as you can find sales and be able to retain some of the 100K to offset cost until the rental market price becomes stable (right now it's just about warm bodies).
Davenport and Kissimmee are tourist areas and unless you want to get into the vacation rental market and tons of competition I'd be careful as the resale could be tough as I personally know many investors buying many of these and unless you can play with them I would not. That is part of the problem we have now, buyers misdirected just for the sale.
I know and have read many of the agents posting here in my area and don't feel this is their motive (Marcus, Greg).
Now if you are looking to go above the 100K I would be looking at Lake Mary (voted the #4 best city in the U.S. out of 10) and grab a foreclosure.
Then there is the Lake Nona area with all the medical on the way, can't go wrong as docs, nurses, admin and the tons of research jobs that are on the way.
Again 100K would offset a purchase and the rent should pick up the rest.
I can send a foreclosure list or new home (builders are also giving deals)
Currently helping buyers and sellers due to our knowledge and service but don't forget our rebates, after all every penny counts.
Dave Lowe broker
GRI / e-PRO / GREEN designations
Have you made use of this?..http://www.trulia.com/home_prices/Florida/Orlando-heat_map/
An interactive map you can use to get a lot of info on the areas you asked about..
This site...http://www.bhgrealestate.com/Views/Look/Default.aspx ...You can get info on housing trends, crimestatistics, schools ect..all from public records...you can break it down into neighborhoods
For your rental trends ect..Try here...http://www.zilpy.com/ it's a great site to get a general idea of rent comparisions and information related to rentals
Lastly...http://www.rentometer.com/ If you are thinking of a specific property you can type in the address and it will run a comparision with other rentals in the area..
The more information, the better...I wish you luck, Dunes
Same goes for Kissimmee.
Orlando has MANY different area's, I personally like the area around UCF and Eastern Orlando for rentals. Good public schools, plenty of families, great shopping, close to MAJOR employers, and there is a steady influx of students that help keep rental rates up. There also happened to be a building boom in the area and many are now in foreclosure driving prices down. It is cheaper for most people to now buy in this area than rent!
RENTAL market is HOT in any area of country, have your buyers agent pull local comp's prior to submitting an offer where you can run a check on monthly out go expenses vs. income