This video is pretty helpful and goes into detail about the Jacksonville neighborhoods: Tour of Jacksonville FL Neighborhoods for Rental Property InvestingHope this helps!

@Sergio Rodriguez your CPA mentioned is likely the Depreciation Recapture but we'd need more details to be certain. ...

Feel free to reach out anytime and I'd be happy to send you the details and connect more about REI!

Always get a full inspection report so you can see the details and the ins and outs of the place. 

Maintain Accurate Records: Keep detailed records of all payments made to contractors, including invoices, payment receipts, and copies of the W-9 and 1099-NEC forms.

A properly calculated cap rate can estimate a property's rate of return, but it should complement a comprehensive and detailed analysis of the property; it’s not designed to stand alone.📊 The Role Of Cap Rate In Investment Properties:- Cap rate is more than just a number; it's a guiding metric shaping your investment strategies.- A higher cap rate often indicates a potentially higher return but comes with increased risk.- A lower cap rate might suggest a safer investment but with lower returns.🧮 What Is The Cap Rate Formula?

Hi Dave,Thanks for sharing details of your first deal!

I know getting into your first fix and flip can be nerve racking, i'd be happy to go into this more in detail! 

I'd need to hear more details so just going to give some back of the napkin responses. 

Let's connect, would love to get into the details and see what I can work up for you!