Thanks for all of the advice and information so far. All very helpful. I first learned of Florida's foreclosure situation a couple of years ago when I read an article about the market in Cape Coral. I read that the economy was not suffering as much as the housing market. The reason that I was considering Lake City is because my uncle lives there and I like the idea of having some property. I see that I can buy several acres with a house or mobile home for what I think is a reasonable price. My wife is into horses and I understand that there are horse facilities and such in the area. I don't have my heart set on Lake City, but I was looking at the surrounding area.
I know what you mean by being established and I imagine I would struggle for a while to try to establish myself, especially not knowing the native/local plants and how to properly care for them. It would be pretty tough to compete with a good company, while trying to learn the business and establishing relationships with locals and suppliers.
If I do end up moving south, I will be facing a challenge for sure, but it's nice to know that most of the guys on Lawnsite are so willing to help.
Thanks for the replies and keep them coming.