You will to to bed happy knowing you are hitting your personal goal at the speed you want.I will say that I agree with @Andrew Postell and his understanding of REI. it is the strategy I use to start from nothing.

If the cost of doing that is more than the cost of jut fixing it and moving on, that should be your goal; unless you just want to stick it to someone because you feel wronged and don't mind spending more of your money then you have to to do it.

I've looked in the area where I live to do the same thing but have no experience - just ideas and seeking a "how-to" to see if it's really feasible.

IT's worth to to be selective.

Close to to Fernandina Beach and Amelia Island also.

I use these all the time, they can work quite well, but as others have said, you need to to underwrite the seller. 

This thread is chock full of the contributers that I always pay attention to -- to include Steve.  

If you want his info feel free to to give me a call.Happy Investing

I am especially interested in the spreads from purchase price to to sale price. 

You are able to to get in with a low down payment, learn how to be a landlord, and get to live in one of the best parts of the city while having other people pay your mortgage.