I know most people would prefer to have a plan for the money before paying to cash out, but I also don't like sitting on this much equity, even if I don't have a specific plan. 

I'm looking for a good real estate broker (preferably who invests as well or understands real estate investments) in the Jacksonville area that can help me find SFRs (or multifamily properties depending on the cap rate) for buy and hold.

For those kinds of properties I prefer working families that get settled in.

I only have roughly $9,000 to apply to the deal but would prefer to keep my out of pocket expenses as low as possible. 

I like to (if you have Direct Deposit) Deposit my check in to savings, then ONLY take out what is needed for bills, food and a little splurge (Starbucks, Dining out Etc.)

The real kicker is, when renting the home, everything is outside; bathroom trailers, food, etc. nobody really steps for inside the home, and the owner gets between $4,000 and $8,000 every event.

We are looking for an agent and this is great food for thought and very helpful questions to ask. 

To avoid investor competition, should I look more on HUD and Homepath properties since they give preference to owner occupants? 

I am looking for something between 20-50 units preferably, but nothing larger than 100 unit. 

However if they would prefer cash that's not an issue, just get a receipt from them to cover yourself if the IRS was to come knocking on your door.