Ocala vs Jacksonville investing

[Peter Girgis]

Hello I am an out state investor interested in these two cities for a long term buy and hold single family rental investment in the 250K range. 
Can anyone shed led on major differences between ocala and Jacksonville? Looking more for appreciation and newer properties - any input is appreciated thanks ! 

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[David Dey]

Having invested in both, there are pluses and minuses in both markets.

Jacksonville is most definitely the more dynamic of the two markets.  However, it is also one of the most unique markets as well, in that neighborhoods change from street to street.

I would recommend that you come to Jax and visit the areas and also find an advocate that is knowledgeable about the city before you take the leap.

Additionally, I suggest hiring an independent professional, such as an appraiser, a second realtor, or an investor whom you vet, not paid a commission but paid as a transaction coordinator, who’s job will be to be a second opinion.

Finally, I suggest that you find your management company, which should not also be your realtor/second opinion, so that you can run the property by them for viability before you make a final decision.

Ocala is a good market as well, with much less volatility, but also not as dynamic.  
However, if you are going to be there for the long play, you are going to be fine there as well.

P.S. I still suggest at least the realtor and management to cover your decisions.