Birmingham Alabama SFH investing

[Kevin Tran]

Hi Everyone,

Im looking to invest in SFM (less then $125K, 3Beds) in the Birmingham & surrounding areas.  

In my research so far, Birmingham seems to have potentially good cash flow.  However, the area has 2x the national average of vacancy (B'mgh 10.89% vs US 5%), also the new delinquent  and foreclosure rate is trending up (B'mgh >1600 units).

So my questions are:  

1. Are Jefferson and Shelby counties experiencing decline in job growth or population growth.

2. Is the real estate in B'mgh area too invested already, and now some over leveraged investors are getting into trouble?

3. Please share your thoughts on SFH investing in B'mgh area, the good and bad.

Thank you.