Question for Birmingham Investors or Agents

[Morris Lucas]

Hi everyone. I was recently searching online outside of our market and noticed quite a few properties listed by agents and wholesalers in Birmingham area. From first glance, it appears that even with rehab, the acquisition cost on these houses yield a much greater COC return than in my area. For example, i saw a duplex renting for $1250, selling for 70k needing 15k repairs. For those of you in this market, is this normal return on these small, sfh or is this market just that volatile and change dramatically from street to street/neighborhood.

I am just wondering, as I am aware certain markets like IN and OH tend to give much better rental returns than other markets, but don't hear much about markets in Southeast meeting that criteria very often. Thanks