@Catherine AngleI'd say my biggest frustration is either being lied to by tenants/contractors/potential tenants..You clearly state on the application you don't have an eviction, you tell me directly no evictions, but the court system says you have one?!    

Availability of contractors and their pricing are my biggest concerns.

I wrote this link about our first multi-fam deal in St Louis, thought I'd post a link here in the STL forum if you haven't seen it.https://www.biggerpockets.com/forums/522/topics/48...The post chronicles our story on a multi-fam in South City.

If you uncover that answer, it may shed some light on the investment (maybe it's good info and it satisfies my skeptical approach)I have found the biggest three seller motivations (with landlords) are:1) Tenants are subpar and current owner is tired of managing (in this, you're inheriting headaches, eviction, and much higher repair costs than you expect). 2)  An estate took over and just wants to get it gone (in which case there is probably a back balance owed that needs to be flushed out along with a general lack of property knowledge). 3)  My personal favorite: the Owner bought via tax sale deed (and therefore does not want to be a landlord, just wants his investment + reasonable return).If everything checks out, it sounds like a great deal bud.  

Hi everybody, I'm an investor that looking to build a passive income through rental properties as for now I'm checking few cities in north FL: Jacksonville, Gainesville and Ocala.

Thanks, @Jared Bouzek.Hi @Scott Hibbert,Oakland is an incredibly large city by land area, and highly neighborhood dependent.

Its called Sullivan's gulch, its close to transit, grocery, city, etc.

Have fun in one of the greatest Comeback Cities!

I want to confirm with the city of course but my actual taxes/insurance should be closer to $240 a month, leaving positive cash flow of $60 a month.

That's the biggest concern I had with it.