Buy and Hold in AL, FL, GA and SC

[Richard Ball]

Hello! In January I am visiting

Mobile, AL / Pensacola, FL / Tallahassee, FL / Jacksonville, FL / Savannah, GA / Charleston, SC

I am doing my own due diligence on these markets for buy and hold rentals but am hoping to get a crash course from some locals before I go boots on the ground. 

I know returns in these areas are going to be much less then what I am getting in Michigan but can they crack a 1.5% in a decent neighborhood if I buy the worse house on a good block? Any recommendations on neighborhoods I should stick too since my time is somewhat limited? Any rental restrictions (long or short term)? How are you getting deals (hopefully a decent wholesaling network)? Any other considerations I should be aware of?