[beach43ofus]

Originally Posted by kyle19125

Universities haven't been "out for the Summer" in quite some time. Some programs schedule classes through summer as part of the planned curriculum. Summer Terms are also usually needed to maintain pace for graduation or where certain class availability manages to happen. Some students will elect to take the more basic core classes over Summer due to condensed class time (six weeks versus twelve for instance).

Approx what % of the student body stays all Summer ~15%?

[kyle19125]

Originally Posted by beach43ofus

Approx what % of the student body stays all Summer ~15%?

1/3 of UF's 60K student population are graduate students (many can't leave or will partially for internships)
plus another 30% of the remainder (undergraduates) who enroll in summer programs. Regardless it's common practice to sign a 12-month lease and if not attending summer up to the resident to find a sublet which is a very popular method for fall entry students to get a housing foothold and look around for a long term residence.

[gypsychic]

I don't think the OP is a serious post. Provided zero info on budget, goals or anything else and hasn't been back.

[Chas863]

Originally Posted by gypsychic

I don't think the OP is a serious post. Provided zero info on budget, goals or anything else and hasn't been back.

I agree.


.

[missourichad96]

Originally Posted by Chas863

What type rentals are you considering purchasing?

Long Term (1 year plus)?

Intermediate Term (3 to 12 months)?

Short Term (2 to 12 weeks)?

Ultra-Short Term (less than 2 weeks)?


.

Ultra long term

[missourichad96]

Originally Posted by Ghaati

I think it depends on what kind of landlord you want to be. Will you use a property management company to take care of the property, maintain it, troubleshoot issues that might occur if tenants damage the property? Or do you plan on living within a few minutes' drive of the property so you can take care of it yourself? If neither of the above, what kind of tenants are you planning on having? Short-term, long-term, do you care? Do you plan on renting it furnished or unfurnished?

All of these things factor into "where" to buy the property.

I'd hire a property Manger to take care of the property.

[kyle19125]

Originally Posted by missourichad96

I'd hire a property Manger to take care of the property.

That can be a waste of money with one property.

[beach43ofus]

Originally Posted by missourichad96

Ultra long term

55+ community and rent to people who are 55. They might stay as long as they live.

Older people are most stable, and move less.

Just be sure to check the by laws and covenents of the community, & even the city, & county.

[Monello]

I would suggest Jacksonville.

I was stationed there in the 1980s. I had a home built and lived in it for 4.5 years. I kept it as a rental. My next duty station, Maryland, I got 2 more properties. When I sold those properties, I did a tax free exchange for 2 additional properties in NE FL. 1 on the eastside of Jax & the other in Atlantic Beach.

The great real estate correction of 2008 was a bit unnerving. 1 of my locations had same type properties for sale for half of what I spent. I didn't panic and weathered that storm. I still have that unit. It's worth twice what I paid for it. The tenants have paid down most of the note. And it puts a few bucks in my pocket each month.

With that said, I don't think you can make quick money in Jax real estate. I believe you have to be in for the long haul. I've owned Jacksonville properties for over 30 years. This isn't meant to discourage you. It is a caution that it may take time to build up equity and see a very favorable ROI. Honestly, I wouldn't pay what I'm able to charge for rent for my places. But I also don't control the market.

No matter what you do, good luck with your future RE endeavors. It can be both terrifying and exhilarating at the same time. FWIW, professional property management has gotten my better tenants compared to what I got when I did it myself. Solid tenants will use real estate agents. Sketchy tenants will reply to private ads because the realtors won't deal with them in most cases.

[wizrap]

Originally Posted by beach43ofus

Who do you rent to in Gainesville when school's out for the Summer?

New students are required to attend at least one summer session. At least 9 credits must be earned during a summer session or sessions. Only students who have at least 60 credits from another institution and transfer in are exempt from this law. It’s been on the books for awhile—passed by the state Board of Regents.