As an example, for some of my passive income, a few years ago I took $1.5m and bought 48 houses in Jacksonville, FL, which provide a NOI of $20k to $22k per month. 

@Josue R.I have a lot of investors investing in Jacksonville!

I'm in Central Florida, and I sometimes get calls asking if the house is near Jacksonville or Tampa.

We have four properties with a total 36 units in Jacksonville, Florida.

Hey Michelle,I am located in Jacksonville and am looking to hire someone on a part time basis.

@Nathan Faucett no sorry, all my connections are here in Charlotte and in Jacksonville, FL.  

Here is my current list of lenders that will do a HELOC on an investment property:TrustcoUS BankTD BankPenFedUnion Bank, specializes in noo HELOCArvest BankUnion Bank, Washington StateEast West Bank offers HELOC on non-owner occupied investment properties up to 60% LTV with "no docs".Utah: Americafirst 80% LTV on noo 65% LTV 15 year 5.74%First Florida Credit Union (Jacksonville area)1.99% for 12 months, 5.25% variable 80% CLTV 20 yr w 10 yr drawHurst Lending and Insurance Investment property HELOC in TexasTower FCU, all states except TX, max 45 DTI, green card ok.

I own in the big military towns: Jacksonville and Fayetteville. 

Hello all My name is Steve and I’m a foreign investor investing in Jacksonville FL.I am based in Israel and am working from far.

Ricardo L Knight, w/r/t your question on our experience in Jacksonville FL.