Rajesh, I don't intend to scare you away from Florida with my post. I live in Tampa Bay and invest in Residential RE locally. Prices have gone up in the past 24 months that make it hard to hit the 2% rule. 1% may be achievable, but have the property vacant for 45+ days and you can say goodbye to hitting ROI for that year.
SFH are going for high prices (but not boom time prices) but rents are low on SFH due to a lot of local competition and pricing to make them affordable. Thus you might be lucky to make 0.75% in some neighborhoods. Condos and townhomes are good potential investments but a bad HOA and special assessments can make you miss your ROI target. The media says rental market is hot, but tenants won't pay over a certain price. Many potentials can't even satisfy the income to rent ratio.
As Maiko said, don't think of appreciation, only look at ROI on your equity. If you want paper appreciation then real estate is not your cup of chai.