Does the FCRA have any input on to whom I rent... meaning, does it create any limitations on my criteria:  no felonies in past 10 years, not on probation or parole, no evictions in past 10 years, good references from prior landlords, not owe money to any prior landlord or utility company, have reasonable credit, income is 3x rent, etc.

Best bet for your friend is to buy a place that is easily convertible & to find an agent that knows what to look for.

Bet you could keep the best half or 3rd at least while still maximizing rents.

I have been thinking about strategies of growing my real estate unit portfolio in size, but any way I looked, I was running into limitations (high LTV for conventional loans, expensive real estate with low cap, 1031) but nothing felt quite right until I came across the BRRRR strategy.

Areas I personally would avoid (I know everyone is different ) but just north to northwest of downtown Jax for sure is off limits to me.  

Nowhere near ($1200 a year/$100 a month) which is what the rent increases are doing.Property taxes in California are protected under Prop 13 which limits the amount to 1% a year.

Ive noticed multiple cars being parked, exceeding the limit, and two other occupants there on a daily basis.

Many people never make it this far.I bet you are learning a ton and with such a low purchase price, it won't break you.

I worked with the wrong appraiser this time. when your HML and private investors loans have  12% interest only payments, I bet you'll rethink about that 12 month seasoning period hahamost lenders do 70-75. not all. you can find higher LTVs if you trytrust me, I've had about a million people tell me to 3rd party my management however in my situation a lot of money would be thrown away doing that.

I personally have tried getting seller leads using funnels with limited success.buyer leads seem to be alot easier to come up with items of values