It shouldn't be too expensive in Jacksonville though depending on the condition. 

I’m looking to purchase my first multi family home in the city of Colombus and am looking for the hard numbers, metrics I should be on the lookout for, and sample properties to get my hands wet as far as what’s considered a good deal and area to invest in.

Depending on your long term goals I wholesale and use the assignments fees to buy free and clear properties and I use creative marketing to buy and keep in my portfolio. 

Purchase price: $850,000 Cash invested: $500,000 Sale price: $2,250,000 Purchased , knocked down, built new from ground up What made you interested in investing in this type of deal?

Quote from @Stephen Magee: Out of state investor here - just purchased a duplex near Naples botanical gardens.

If you can get through this rough patch and the #s work, you could see your property's value double from the original purchase price in a few years.Lastly, I'd check out the Sell vs.

It's up to their tax professional on how to present that info on their tax returns.

For a bit of context, my wife and I recently moved to Tennessee and after renting for a bit we are just about to close on our first property.

I spoke to her and they were going to do a light remodel (barely lipstick on a pig) and start renting the place. 

Solid area, home just went on the market.