Poor Cashflow Options in Gulf Coast

[Jonathan Rodrigues]

Hello investors!

I'm new to the forums and I am currently searching for a good rental property deal using resources such as Zillow and Realtor.com (since I don't /yet/ have my license). A lot of the properties I see for sale in the Mobile, AL bay area seem to be seriously inflated or the rental rates have not caught up with the SFR market. Using the 50% rule, most condos/multifamily properties would only generate about 150$/month cash flow, and even less for many SFR homes for sale. I don't want to walk into a bad deal but I am curious about some advice the BP community might have, whether its my search method or timing, I'd love to hear what you guys have to say.