[villages07]

Oak Meadows and Spring Arbor are two older neighborhoods adjacent to the Villages that, I believe, were developed by the Villages. But, as others have said, you would not have access to the Villages amenities. But, you would be in Florida...near the Villages to enjoy the entertainment and special events and potentially be eligible to send your kids to the very excellent charter schools. You or your wife would have to be employed by the Villages or other qualified employer that supports Villages properties/businesses.

Buffalo Glen is a newer neighborhood, very close to the charter schools, that is built for all families. It, too, was developed by the Villages but has no access to amenities.

Villages of Parkwood is a new all age community close to the Villages that is slated to have pool, recreation, etc but is not affiliated with The Villages developer. Someone recently wrote a post with some warnings about dealing with this developer.

The advantage of coming down now and buying into the family villages would be to get away from the cold winters, potentially get your kids into the fine charter schools, and position yourself to buy a place in The Villages once your kids have reached the magic age.

Buying now and renting for 4 years has its risks....who knows what curveballs and changes life will bring your way or how the economy will fare. The only real plus would be knowing what you can afford today and having it ready for you when retirement arrives...but, in the meantime you will probably have a negative cash flow.