If you cannot find a deal in Jacksonville, look an hour south to Orlando...With tourism and hospitality as its main economic drivers and backed by unprecedented population and employment growth, Orlando’s multifamily market is thriving.The metro added almost 47,000 jobs in the 12 months ending in May 2018, keeping Orlando well above the U.S. average.

Seems like you're adding a lot of value (250K?)

Also need feedback regarding seller financing versus 203 FHA loan that will allow for extra $ to make the repairs and updates.

Thanks Patrick, being that it's an empty lot (except for the mfg home), there's not too much to photograph but I'll ask about adding more photos.

There's an added sense of satisfaction when you also make money for someone you like and trust.

Because I'm raising this extra equity up front, my cash on cash returns are lower than I'd like in the early years even though my cap rate and project IRR are where I need them to be.2.

Be careful though because I’ve seen someone added to title at the refinance and that did trigger a re-assessment.

The question is; have I added any value to the home?

That might give you an added flexibility and privacy for when you are there or not as well as more income.

Make it each for him to see the total amount you are out.And if your list comes up to more than the deposit, then counter sue for the extra damage you were letting go before.