Jacksonville's real estate market is characterized by a stable yet dynamic environment, a good number of reasonably priced home options, and a strong economy supported by notable job and population growth.First, as far as market characteristics go, Jacksonville offers a balanced market, meaning that neither sellers nor buyers have a clear edge.

Share your thoughts and strategies on embracing change and fostering a thriving real estate investment environment.

@Samantha SchiaborGiven the rate environment, I'd go with keeping the hloc in reserve. 

We are committed to understanding the pulse of today's personal finance and real estate investing environment. 

It also allows you to voice your concerns and suggestions in a constructive manner.By familiarizing yourself with your HOA's rules and actively working to stay compliant, you can avoid unnecessary fines and contribute to a positive and well-maintained community environment.

Maintenance costs in a resort area can also be higher than in non-resort areas.Regulatory Environment: Local regulations regarding short-term rentals can change, impacting your ability to rent out the condo or imposing additional requirements or taxes.

While we likely won't see sub-5% rates anytime soon, buyers are getting acclimated to the current rate environment which is very close to the 20 year historical average.

BRRR strategy would be ideal, but I understand those are harder to come by in this high-interest rate environment.

I am really sensitive to the economic environment up here and being careful not to over build.

Real estate is one of the last great free-market environments. everything is negotiable, and some providers are better than others, meaning they offer more complete/sophisticated service and response, wider marketing exposure, etc.I compete routinely against both higher than 5% and lower than 10% management rates and anywhere from one month's rent for a leasing fee, to half that.