It's harder to find deals in those locations though and the ones that are good deals requires major renovation. 

Looking for a reference to a PM company for Multifamily property in Jacksonville, FL with majority Section 8 tenants.Also looking for anyone on the forum with experience in  Multifamily in Jacksonville, FL + Section 8.Thank you.

I think it's important to have a business plan. i havent started my investing yet so take my opinion with a grain of salt but the more I think about it the more complicated it seems. really what im trying to do is just buy multi family properties at some kind of discount. add value by renovations or by purchasing in a down market. then fix it up to my companies standards and get them rented out one unit at a time. some of the things ive been thinking about include financing. how will i finance deals after the first 4 or so when the banks stop lending traditionally. also how much do I need in resurves to cover everything from fees to extra holding costs to a major cap expenditure. i want my business to have a plan so i will succeed no matter what. so i think its important to think about those types of concerns regardless of what type of investing you're doing and factor those in to your plan. im excited to save money for the first deal im only at 3k so far.

Does it need major work.

We show a majority of our homes to an interested resident. 

I'd suggest targeting the closets major city. 

She sees it inside and out, says she likes it...and as she hands my PM the deposit money and also the first month's rent she requests a couple of very very very minor things.My PM says he will take care of it within 48 hours....nothing major, and gives her the keys, and drops her back off at her hotel. 

But , man, if this had been recorded when I started with that credit line, it would have been 100% utilization and it would have given me major problems. 

If She moves out - you will have major expenses to refurbish the unit for new tenants.

I'm curious as to what the major differences are in your quality of renter.