[GittyUP]

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What do you think about the Jacksonville market (ie ability to fill rentals)

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I usually only do wholesale deals in jacksonville, but my investors there seem not to have a problem. Since the subprime crunch alot of people can't get loans to buy so they are forced to rent.

The key to getting a successful rental property is making sure you have a realistic expectation of the rent your going to get. Don't expect to get the upper end of rent spectrum for the area (Do a lot fo research!) Plan on the lower end and figure out your cash flow off of that. If the cash flow i s what your looking for (it doesn't always have to be positive) then the deal is a good one. Since the rent you figured is lower then avg. you should'nt have a problem filling the vacancy. Of course still and try to get max rent possible.

Another option is a lease option. Since renters can't get a mortgage hold the mortgage for them and have them pay you. If they default kick them out like rental tenants.