@Gerald HuberRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

Purchase price: $22,000 Cash invested: $45,000 Sale price: $107,000 Charming and move-in ready!

My broker mentioned that I’ll likely end up paying capital gains on the sale.

I for instance never claim meals, I figure I'm gonna eat anyhow, and the paltry amount is not worth the hassle.

Purchase price: $22,000 Cash invested: $45,000 Sale price: $107,000 Charming and move-in ready!

I did negotiate a Pinball Machine into the Sale of the building!

Jacksonville is a great place to invest as I'm sure you've figured out based on your homework.  

You would need a lawyer to figure that all out, and even then things don't always work as designed or they would not carry all that insurance you referred to.

However, I've learned that this transfer might activate any due-on-sale clause especially in this market.

I have hinted around to the owner that I wanted to buy it for over a year and he has had no interest to sale.