If you'd consider an out-of-state CPA (mine is out-of-state and I have absolutely no issues), perhaps shoot a PM to our very own @Steven Hamilton II

Before having equity eaten up would someone consider an alternative like equity conversion-maybe renting or is it best not to go there?

If there is a real concern, and there may be if the house was built in '61, you may want to consider an asbestos abatement to see if it is present.

GustavoWelcome Check out the freeUltimate Beginner's Guide to Real Estate Investing at http://www.biggerpockets.com/ubgFind and go to 3 different local REIA club meetings great place to find people, resources and info.You might consider an approach to offer to help someone in exchange for experience.

My problem is that the market that I'm moving into is hyper-competitive and most sellers won't consider an offer with VA financing compared to the conventional and cash buyers also at the table. 

My plan was to get my Real Estate license in Ohio and continue to do that, but now if I move, I want to consider an entire different career from what I do now (Manufacturing).I'm still thinking about obtaining a Real Estate License and trying to become a Realtor and Investor.I wouldn't mind working for a Property Management company or even trying to start a small property management company if there is a need or opportunity for it.What kind of careers are available for someone that would like to stay involved in Real Estate as a means to learn more about the facets of Real Estate in Jacksonville.

Each state differs but there is a specific process you should get familiar with and consider an eviction lawyer this first time.

Might consider an LLC with wifey as manager too.

And that is with spending on marketing and waiting for awhile.In most areas here you would have to absolutely steal it to get a duplex for 40K, or you would be in an area that I would not consider an option at all, especially for remote ownership.

@Joe Horan So you would more likely consider an appraisal service to accept from an investor the following: subject tax info, pics, repair/remodel description & costs.