@Mindy Jensen A little too personal to post publicly but if I can figure out how to PM you I would love to get others opinions. 

Make sure you dig into the podcasts, books, webinars, YouTube videos and finally a local meet-up to network in person locaclly. 

Your post is under the house-hacking section, do you plan to house-hack and live in this property that you purchase in Jacksonville.If you are planning to live here in Jacksonville, it is important to choose a good neighborhood that you would enjoy living in.I personally like the 5 points/riverside, San Marco and Southside/Baymeadows area.These areas have more resturants/activities than other parts of Jacksonville in my opinion.

I personally prefer to not be over leveraged but I have at least some type of leverage on every property.

Or should I also include my own personal labor into the rehab cost?

Since this is our first time house-hacking, we would love to understand how tenant screening process works in real life.

Interest on that mortgage was a personal itemized deduction on Schedule A. 

Now that’s not a teaching question, I can’t give it up, it already got saturate because things moved online, (sherif sales) Thankfully some are coming back in person.

Most conventional investment property loans, which offer lower interest rates and 30-year amortization, require the property to be in your personal name.As a result, many investors initially secure the loan in their personal name and then transfer the property into an LLC.

I also personally know a builder who can construct them for about 250k each.