General market sentiment for Jacksonville

[Patrick V.]

Hi all,

I am an out of state investor who spent many years in Tallahassee, FL. I know the N Florida area well and have identified Jacksonville as a city with good potential for cash flowing rentals. I have some questions for those who are familiar with and invest in the Jacksonville area. 

- What are your thoughts on the current market? There has been a hug influx of folks since COVID and it seems property has appreciated dramatically and the market favors sellers, is this true? 

- Do you still see opportunity for quality cash flowing rentals? If so which neighborhoods are up and coming (I hear Avondale and Riverside are favorable)

- Do you foresee any price corrections in the next year?

- Any recommendations for RE agents that work well with investors? 

- Any recommendations for property managers that are quality and cost conscious? 

- What types of properties do you recommended? Ideally I would get a value add multifamily as I have enough capital and prefer to deal with one property then various SFRs and I can still get a residential loan as long as the property has 4 units or less.

Many thanks for any input!