Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Cape Coral Florida Golf Course Homes
As we begin the long recovery in real estate sales and prices, many real estate investors are coming back to test the waters.  The primary motivation seems to be that they can buy inexpensive homes now, rent them at a small negative cash flow for three years and then turn the investment over for a nice total return.
Where I have questioned this practice is whether buying the low-end homes will give the best total return.  It seems to me that buying mid-range homes on a golf course or on waterfront lots would seem to give more acceleration on price looking down the road.  Several investors I have talked to say "Yes, but I like to stick to the bottom rung on the ladder." 
The rents are another issue that I have thought about.  Right now rents have crashed due to the large number of homes for sale.  Interesting, though, that many renters have already been burned by renting homes in pre-foreclosure or in Short sale status.  If the bank evicts the owner, the renter gets swept away with the same broom (or Sheriff).  Not nice to get thrown out on short notice after you paid the rent for the month.  So ... more

__________________________________________________
Are you on The Rain? Grow Your Network!