There are lots of places around Jacksonville, where the real estate is priced low. There are some areas near the navy bases with reasonable real estate that is regularly priced below the market value. My company invests in real estate that is located by the Navy base. There are two quite active Navy bases in Jacksonville. One is near the beach and one is in town. The navy bases in Jacksonville are very well known and one of the biggest employers in the city. A couple of years ago, I bought a house that was in foreclosure status. A few weeks after that, I received a telephone call from another Navy guy that wanted to sell his house fast for cash. The Navy guy wanted to sell his Jacksonville house fast for cash, because he was getting ready to go overseas and did not want to worry about renting or selling the property. I visited the Jacksonville house and came up with a fair and reasonable offer for the property. The Navy guy didn’t blink twice when I gave him the cash offer for the house. I probably could have spent $5,000 less, but I was trying to be fair. I turned that property into a rental. The three bedroom house is less than 2 mi from the Navy base and is close to shopping and restaurants. I had no problem at all renting the property to a young couple with two kids that provided me with the first month of rent, last month of rent, and a security deposit.