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.

How is the Bed & Breakfast doing?  

It was originally listed as a bed & breakfast (on the residential MLS). 

It's a 3 bed 2 bath on an acre flat plot.  

For example a 6 bed rents for $4K but two two bed units might rent for $5K total.

Originally posted by @Michele Davidson:@Alex YeaterWe are selling our bed and breakfast business complete and turn key with wedding items.

Quote from @Tyler Garza: Deal :Duplex Home2 beds / unit2 baths / unit3,000 sqftAsking 300k60k downEst rent/yr - 31,2005% Vacancy20% Op ExpenseMortgage 240k assuming 7%Results: CF - 6,600Cocr - 11%Cap - 8%Looking at this for a buy and hold and trying to determine if I am analyzing this right For the best rates, to get near the 7% on a 2-4 family you are going to need to put down 25% instead of 20%. 

It is a 4 bed 2 bath house built in 1990.

It is in good condition, nicely decorated, top notch bedding and well appointed kitchen with a large lanai and no pool. 

If you have four 2-bed/1-bath units with the same appliances, split it four ways and call it a day.