Many of you probably know the „german“ way of doing things...The stereotype would be the punctuality and precision of the people and the public authorities.The reality is the following: a lot of barriers and long approval processes as well as legal restrictions when it comes to owning and handling capital.

I reviewed the IRS publication 523 for additional guidance but it's not clear to me (non-tax fellow) if I am exempted from capital gains. 

It's also an old city with some geographic constraints to new development...if you're close to public transit in a good location, there's always going to be upward pressure on price (and rents) and limited supply. 

Publication 946 goes into the qualities that establish ownership and allow you to depreciate a property. 

that seems to work for us.. very few if any folks on public assistance or other means have those type of credit scores. takes us a month or two to find a suitable tenant. 

Quote from @Calvin Drake: I've found that some of the zipcodes on the northside (32208, 32209, 32206) have adequate opportunities to meet the 1% rule; however, with some deeper looking you most definitely can find properties elsewhere in Jacksonville that may not require as intensive of management as Ken mentioned.Can you explain what you mean by “deeper looking” other than looking at public listings or going into wholesale which I don’t have time for? 

Unfortunately, the vast of them have houses and other buildings or improvements on them so I can't compare the public records. 

My family is very frugal and minimalist, so other than food and baby stuff and a monthly public transportation ticket, 10 dollers a month for cell phone,  we have no expenses.So what do i do with all my income?

(It's what started this public blogging) Some FAQS: 1.

Here in FL, pretty much everything is public record lol.