My goal is to get 8-10% net cap rate for a long term (20-30 years), I'm still considering few strategies, To invest in a big and stable city like Jacksonville to buy a old house (1960-1980) in not so good neighborhood and give it to a property management company to take car of the properties or to go to a medium city like Gainesville but will still need a local property management or it will be better for me to invest in a new construction in a small city like Ocala (I know there is a lot of development in the area) and I can also manage it myself.

In fact, many invest in a group of stocks tracked and known as the "Dividend Aristocrats", which are companies that have raised their dividend every single year for at least 25 years straight ... on top of that they track the "payout ratio" which computes the percentage of earnings that are paid out as dividends, to ensure that is stable, has some margin, and the company for example is not having to take on extra debt just to cover its dividend to investors.

The building has been 100% stable since first being filled.  

Is it possible to get into real estate investing without a stable job?

This last down turn, my market remained stable, but economic vacancy went up (people couldn't afford to pay), therefore cash flow went down.

The lowest risk strategy would likely be finding that B/C property in stable A/B areas.

My  wife enjoys the stability of a steady paycheck although it is steadily not enough(in todays world I believe stable job is an illusion).

Are there stable employers around it?  

Do you have a stable w-2 income? 

My wife and I have very stable, well paying jobs in the Washington DC metro area, but we've made the decision we want to take charge of our financial futures instead of continually trading time for dollars like our families do.