I learned how to manage rental properties well with this property.

You really have too many things working against you on this particular property.

The due date for 1065 returns is March 17th this year.Yes, you can deduct all property related expenses on the 1065 return. 

Your lender should use the f/f that can finance the property.  

•I’d compare this deal to similar non-flood-zone properties—if the return is much better, it might be worth the extra risk.

I would start keeping track of everything that you've had/have to do while owning/acquiring this property.

Are you looking to rent the property as an STR because you are losing money as a long-term rental?

My goal is to achieve financial freedom through house hacking and long-term rental properties.

Not sure if your property is in that area as you are a bit West.

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.