I'm looking at investing in a short term rental in Jacksonville, my budget is fairly modest though, up to $300k so I'm not looking to do a high-end STR.

I would also highly recommend Rentalhero, being using it for a year now and I absolutely love it so does my CPA

Protecting yourself from any future issues will require a good understanding of the situation your house is in when you buy it.Tl;dr: crime here is relatively low, declining population numbers don't take students into account, properties are cheap, rents are high BUT be careful where you buy.This concludes my TED Talk, ha!

The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

Welcome, by the way~ I highly recommend the podcasts.  

They either had below mkt. rents or high vacancies and bad reputations and with super managing them I significantly grew the cash flow. 

Quote from @Andres Felipe Alba Hernandez: Quote from @Rick Albert: There is a high probability it is enforceable.

Hey Shawn - Highly suggest going to local meetups and joining investing groups on FB to build your local network.

Highly depends on the particular community.