Will you be staying in this property for vacations?
what is the cost difference between buying and staying in a resort for the number of times you would come here?
How long will you hold the property and will you recoup your investment with the closing costs when you buy and sell?
compare the numbers to buying, paying a property management co. against staying in a resort and what else you could do with your money rather than buying.
Nobody has a crystal ball, so appreciation is a big factor in your long term strategy.
The number of times you would visit and how often it rents out ie: the bottom line is what you should be thinking of. if it is once a year, and the rental rate is good, you need the write-off on taxes, you hold the property for at least 5 yrs, we have good appreciation and you do a 10-31 exchange when selling, that is the best one could hope for.
You may also want to talk to a financial planner or your CPA after answering the questions above and see what their thoughts are based on your particular situation. Everyone's situation is different and you need expert counsel prior to making this expensive decision.
Right now is a great time to buy because the market is soft... but the number of times you would come here, the amount of time you could keep it rented out and your NET is what counts - aside from just knowing you always have a place to stay - which is a personal, not investment decision, but maybe equally as important to you. .
Good luck and let us know what you decide to do!
I specialize in working with Investors here in the Central Florida Area and have lived here for over 25 years. Some options for you may be single family homes, townhomes or condo hotels. If you would like to send me your criteria I can assist you with your search
When you say tennanted, do you mean Long term or Short term(vacation) rental?
Some areas do not allow the latter. Kissimmee or Davenport are in reasonable distance for
Attractions & Beaches if your aiming at Vacation rental? But you really need to go and look round.
These areas might not suit everyone.