You will get a low response rate like less than 1% but even a half percent gets you 15 phone calls and one of those can be a good deal.

Although, there are costs associated with forming and maintaining an LLC, such as state filing fees and annual reports that are to be noted. 

The place needs a lot of work and has fairly low ceilings.

You also have to consider your holding costs - you are paying HOA fees, insurance, and property taxes.

If your competition is at 60% cost to income, then you should be close to that

Most of the multi-family units in Jacksonville that I think are in an area that I would feel safe are in riverside/5 points or San Marco.The issue, I think, with Jacksonville is that the supple of Multi-family units is low which makes the pricepoint of them higher.

In your case, having a local owners rep could certainly help but that will add additional costs.

The Oregon location, I'm trying to work with my brother on getting him an FHA loan and me covering the cost on a multiplex and he has been delaying a bit.

Originally I listed the property for rent around $1,700/month and the interest was very low.

Just a way to reduce the cost of us having a place there.