I honestly don't know the answer to that question. I just remember how hard Orlando got hit during the last downturn. It was stupid cheap for a nice house (less than $100k in some areas) and I was beating myself up since I was just a broke CFI with no real money to invest. You have to remember that Orlando (Orange County) is a city built mostly on tourism and I think you can figure out how much those jobs pay, and if/when the economy turns south it won't be pretty. It is also a city built mostly in a swamp, making it not the most pleasant place to live during the summer months so factor that in as well. Seminole county might be better protected during a downtown since it's not part of the mass commercial tourism scene.

Orlando was a good place to get in when it was cheap but you've probably missed the party bus on this one. I would look into the coastal areas east of town, those will always be in demand.