Your post is under the house-hacking section, do you plan to house-hack and live in this property that you purchase in Jacksonville.If you are planning to live here in Jacksonville, it is important to choose a good neighborhood that you would enjoy living in.I personally like the 5 points/riverside, San Marco and Southside/Baymeadows area.These areas have more resturants/activities than other parts of Jacksonville in my opinion.

@Alan Asriants and I left out expenses like 10% for repairs at 5% for vacancies because I am so skilled at this I have never had a place vacate for less than one week because I keep them ship shape so it moves out.

As a good case study I  acquired an 11 unit mix-use building in May where I vacated 9 apartment units and will complete kitchen/bath renovations and build out one vacant commercial space.

What would the boss think about the idea of taking that $200k and investing it into a cash flowing property or properties, and using that cash flow to pay for your Crest vacation a couple times a year?

You might be surprised—many successful people enjoy sharing their knowledge and helping newcomers.

Whenever I see one of these threads or this topic gets brought up at my brokerage I just grab some popcorn and sit back to enjoy. 

Should you ever have any questions feel free to reach out or email me I enjoy helping and talking REI.

I was always curious and enjoyed the rental business, constantly asking questions, so I believe I have a very solid understanding of the business.

I am giving notice that I will need everyone to vacate no later than [DATE]."

Look into a vacation home loan as well if you own primary.