Right – sorry I didn’t make that clear! I made the 50px bottom margin on purpose to show the problem. I inserted that image via the WYSIWYG editor. On that image, I added 50px to the margin on the image to show how the margin shows up between the image and the caption, not between the image+caption and the wrapping text.
On all the other images, I used Enfold’s Avia Layout Builder with varying numbers of columns, an Image media element, and a Text Block element for the caption. Those work fine. But sometimes I want to wrap text and that’s why I would love to get this caption/text-wrapping issue solved.