Florida is teeming with real estate opportunities, particularly for investors interested in residential properties. In fact, the residential real estate market is increasingly attracting the small investor, especially in the southwestern part of the state. These small investors are able to pick up several rental properties, including attractive condos, and then lease them out for cash flow each month.
Many small investors have been able to find appealing deals even with the supply of foreclosure homes decreasing and with home prices rising rapidly in Florida. They are paying cash for the properties they find and are then converting these homes to rentals. This is being done in order to feed the demand of people who are simply uninterested in purchasing homes.