[Eagleback]

Here in Florida we were in a 3 year lease at a sun resorts park. The monthly rent on the lease was 500 dollars. compare to 700 dollars month to month. Electric is extra. We now own a lot in an hoa 2 miles down the road after our 3 year lease was up. Pros for rent is you can leave after your lease is up as peoples choices change. Con is you are just throwing money away as you are with any rent. We bought and now have equity in our property, the hoa is 175 per month, tax is 600 year and anything we do to that lot comes back as property improvements. We bought the lot 3years ago for 30000 dollars and now these lots are going for 60000 plus. we have a win win. only back draw is you need cash as here in Florida banks do not loan on vacant property unless you are contingent on building a home on that lot in x amount of time.