Hi Sanj, Everyone has an opinion. As a Realtor who worked in the Phoenix area, and many years in Southwest Florida as well as the Wasthington Dc area, I can tell you first hand you will not get a better return on you investment. I can have you speak with many investors that can give you there experience. We have Gulf access condos in the low 100â€™s if not below. You can buy single family pool homes below 75k.We have over 200 miles of Gulf access canals and many of the worlds top ten beaches (lovers key, Sanibel Island, Captiva, we still have celebrites building homes on Captiva! I work with many vacations rental companies and we are booked through March. Iâ€™m not saying that this is the place for you, but donâ€™t believe everything you hear. Our area offers something that other declining markets do not. Our homes are still selling sight unseen. If you would like to e-mail me, I will give you the name of a vacation rental company that can tell you the pros and cons of this area. Bill is right, Vacation rental here brings in much more than any yearly rental, and when we come back it will be stronger. I was in the desert homes were not selling for millions they were here. A couple of examples; I have a Gulf front property my investor has over 1.9 mil in, he can not, because of the stock market keep it anymore. The tax value on land is 800k. A Fellow Canadian is under contract to purchase less than 830k. He is over joyed with this, he is bringing 7 more of his friends to buy. I am selling to Canadians living in Qatar they are jumping in. This is where everyone vacations in Florida. Your point about taxes, yes at closing we hold around 25% of your gain for taxes. Once taxes are paid you are refunded any balance; you pay no more. The reason for this is we have so many foreign nationals that own homes here we just make sure the taxes are paid. That is the only difference in purchasing as a US citizen or a foreign national. Because of our economy you can purchase well below 50% or tax value. Homes that went for millions foreclosed on now, picked up for 500k or less. You can actually buy single family homes below 50k. I wish you the best of luck and invite you to consider before jumping in.