What about property tax prorations. 

These properties require more capital up front, but can really help your overall real estate portfolio.

This would be a joint venture with me offering to just provide a percentage of profits and equity in the property in return.  

Are you doing more wholesale deals or are you looking to acquire properties on your own?

Strategies like lease options let you control a property for as little as a few hundred bucks upfront.

- I understand that properties go to auction, but what’s the process like from start to finish? 

It’s also worth considering a multi-family property for your first deal since it can help with cash flow.

I am also open to considering opportunities in the Riverside / Five Points neighborhood, or San Marco, in Jax.Ideally, I would like to find a livable property with 3+ beds / 2.5+ baths, make use of FHA to purchase, and rent out 2+ rooms while renovating into separate, complete units.

If not, well, a confused homeowner always says "No".𝗙𝗶𝗻𝗱 𝗠𝗼𝘁𝗶𝘃𝗮𝘁𝗲𝗱 𝗦𝗲𝗹𝗹𝗲𝗿𝘀: Look for property owners with a problem, in markets that favor buyers: increasing inventory, declining sales, price reductions, long days on the market.𝗡𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲 𝗧𝗲𝗿𝗺𝘀: Decide the 𝘵𝘺𝘱𝘦 of lease option you are offering and craft the terms accordingly, agreeing on option to purchase price, lease duration, and monthly rent.𝗡𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀: Ensure your agreements are clear, legal, and protects all sides.𝗠𝗮𝗿𝗸𝗲𝘁 𝗼𝗿 𝗘𝘅𝗲𝗰𝘂𝘁𝗲: Depending upon the type of lease option and your objective, either assign the option to a buyer for a fee, or exercise it yourself when the time’s right.Lease options are a low-risk, low cost entry into real estate investing—start small, take action, then grow.

I might consider a property manager as well.