I'm of a similar notion as Jason; replace it when it is time to replace it.

Many wholesalers do operate under the notion that THEY are the buyers.

Recently just came across the notion of a BRRR-key strategy.

There is a fallacy with that find a deal and the money will come notion, I hate this thinking.

That helped sell them on the notion that I wasn't looking to take their cash with a one and done deal with them.

On the other hand, I totally agree with your notion that the extra $200 would serve as a good investment and enhance your experience as a first time investor.

That is understandable but a risky notion in real estate.

In terms of online ads, a guy (who does not work for the company I'm about to name) recently pitched a bunch of folks in my area on the notion that Linked In is the most "under priced attention" in the online ad space.The speaker's general theme was that a new thing comes out, no one uses it so it's cheap to advertise, then at the "middle" of the cycle the thing dominates it's space (Facebook and Google today) and the "attention" gets pricey.

Hence, making it desirable to purchase and the notion of the reason why the seller wants cash!

Not as many older homes in this area so there may be less opportunity for value adds (but they are still out there).3) I would personally stay away from downtown/northside, westside, and in my opinion orange park.4) Live out here and rent for a short period of time before you buy, or get your realtor to give you virtual tours of homes in your areas of interest to gauge the neighborhoods for yourself. 5) I second the notion of checking the school districts in the area and starting your search there, JAX has plenty of houses on the market just be patient until you find the right deal and remember the 70% rule.