South Huntsville Al: Is this a Good hold Market? Please Help!

[Michael Piccolo]

My Partner and I just got into contract on a 4 Plex in south Huntsville  AL. It is our FIRST deal, and now we are getting to wonder if the huntsville market is a good market for buy and hold. When we put our offer in there was only one for 4Plex on the street for sale and now there is 4! Is there a reason all of sudden multiple units are now up for sale? Is Huntsville a stable enough market to keep our fourplex fully occupied? We are buying in an area where school ratings are a 10. It is only 10 min from RedStone Aresonal off the Bailey cove area. Please if anyone has investment properties or knowledge of the huntsville area and market, let us know if we are picking the right area or if we should go into a hotter market like houston or somewhere. 

Thanks, Michael P

[Michael Piccolo]

Thanks for the reply Frank! I didn't know that Boeing and the state is going to be investing more in the area which makes it seem stronger. I know what you mean in Houston, I have been working with a few agents there and its tough to find a 10%+ deal. I will definitely reach out to you if something great hits the radar!