I think this greatly depends on your personal situation.
Are you looking for an investment?
Are you looking for housing for yourself and are weighing your options of renting vs buying?
Are you looking to buy multifamily units, etc
The answer would be different for each scenario.
You can call me any time to discuss further details.
Tallahassee is flooded with student properties. Many parent/investor owned units are upside down. Many owners have had to lower rents to keep their properties occupied. It is not a good time to invest.
Anytime you are in a University town where the demand for student housing is high, I think this would be a very good investment, particularly if your child is the student who can rent out rooms and learn how to run the business of managing tenants, collecting rents, etc while in school. Lots of ways to make this a profitable venturs.