Me and my fiance purchased a 2 family house last November using an FHA.

These may be crazy or dumb ideas, but I don’t really know anything yet  I bought a house in 2020, but a lot has changed since then.

So let's say the rental house is valued at 100k and you don't have a mortgage.

Have you looked at duplexes or a house with a legal suite? 

I have a handful of properties that are owner financed and I am looking for a better solution to managing the amortization schedules.

As an owner occupied home, you can sell and take the profit tax free. 

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.

Basically a lot about this house was misrepresented.

If he would just be doing the rehab work on the house (I am the money, property finder, everything else in the process) would you think it would be OK to offer a 60/40 split or 55/45?

It's a matter of preference but I have seen a lot of owner operators your size and bigger using Buildium.