I bought a house $70k in Florida on Jan, 2011. I rented to someone and I got the rent 900 each month, but I have earned any money. I changed the roof, air condiation ..., I paid $3000 for the prepoty tax for 2011.
I have a friend who hlep me to take care.
I suggest people who wants to buy the house in Florida. if you have extral money you can buy it for your retirement. it is ok. if you want to earn money for short time, you will loss money.