With a student body of roughly 50,000 students, the University of Florida provides a steady clientele for landlords big and small.
Even though the area is starting to recover from the housing meltdown, there are still plenty of bargains to be found. This three-bedroom, three-bath home with an in-ground pool is listed at just $141,000, for example.
Combine that with fairly high rents, and the math for investors is pretty favorable.
The Gainesville-area market, in particular, has been attracting a lot of doctors, attorneys, accountants and other professionals looking to diversify their investment portfolios, according to real estate broker Jay Parrish. There are also parents buying places for their kids who are attending the university.
For further information: Trulia
