I didn't end up investing there but it does seem like there are deals to be had, and you're right it is a very hot area.My biggest piece of advice is to make sure you understand which part of Jacksonville you're buying in.

I think the biggest advantage is being the owner.

Also yes, grandmas and grandpas are the biggest growing demographic on facebook as well as your ideal seller on this platform. 

Our biggest lesson will come from the experiences and will be determined by how prepared we are. 

My biggest concern is that I have yet to hire a contractor to do inside work who ever completed the jobs.

But that’s exactly how it would be if you would have done it all on your own.The challenge is buying the distressed property at a reasonable price.

Wholesaling is definitely possible in the Bay Area although from what I can tell it is more challenging than in other markets.

(Utilities were rounded up on my part)The asking price is $115K (in a very small town, but the biggest town within a 50 mile radius).Monthly Rent                                          280010% Vacancy                                        -    280Gross Monthly Operating Income     252010% Property Management                   28010% Repairs Maintenance                      28010% CapEx Reserves                                280Property Taxes                                          280Property Insurance                                   200Heat                                                             270Electricity                                                    225Water                                                             75Monthly Operating Expenses              1890   Total Annual Operating Income           30240 Total Annual Operating Expenses     - 22680Annual Net Operating Income             7560Purchase Price                                    115000Cap Rate                                                6.57%25% Down Payment on Loan             28750Loan Amount                                        86250Closing Costs                                             300Length of Mortgage                             20 yrsAnnual Interest Rate                              5.0%Total Annual Debt Service                  6831Annual Cash Flow                                    729Monthly Cash Flow                                  $60Cash on Cash ROI                                   2.3%When I first saw a "6 unit apartment for only $115K" I thought it was a gold mine.

My challenge is that I have a relationship with a Realtor who knows the area and specializes in new home sales. 

The biggest focus for us is job growth and type of job growth coupled with low crime area.