I would submit the Disney area.. As tourism is still very much the biggest industry that keeps Florida on the go ( some 52 MM tourists came last year and still counting) the core business for Florida are Disney and the other parks that are scattered within Central Florida. A number of vacation homes I know are raking in from 6-8 % yields easily, as the vacation homes are booked frequently and are in popular touristy locations within the zipcodes close to Disney. Get turn-key properties with a pool and some community amenities that the guests ( and yourself) would enjoy. These are the ones that get better rates.
Sarasota is a nice coastal area. But since it is not too far from Disney area ( around 1.5-2 hours by car), it is still a safe bet to choose Disney properties. I have seen Sarasota properties which are pricey and dont' get booked up as the ones by the Parks.I have family in Sarasota, but business there can be slow in order to make the numbers to pay your house mortgage and other carrying costs. Siesta Key though is beautiful. But if you have a base near Disney, you can go anywhere - from East Coast to the West Coast of Florida and pay a little less...
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Hazel Heyer, REALTOR - SFR (Short Sale and Foreclosure Resources)
Keller Williams at the Lakes (offices at Celebration / Kissimmee) Florida 34747
Sells homes/vacation homes/ investment/income properties around Disney World, Universal Studios, Seaworld and all other Attractions in beautiful Orlando and commercial properties (e.g. boutique hotels and apartment bldgs) in Florida
Cell: (407) 301 8516 or Tel : (863) 424 1712
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