It should be pretty accurate - high level data sites are not always going to be perfect, but should always be directionally correct and AirDNA has a pretty strong track record. 

There are places that are tenant friendly and then there is California which is at another level completely.Have you thought about buying elsewhere? 

Birmingham’s market is diverse, with various areas offering different levels of potential and risk, so getting boots on the ground can be one of the best investments you make in terms of time and money.I’d be happy to connect and share more about what I’ve learned from my experience managing properties in this market. 

I imagine there is a good level of demand for your services in a city like Nashville!

Hammer got dropped in Highlands with some level of grandfathering to existing rentals. 

There is no such absolute rule or mandate for REI - it is up to you on your comfort level with your cash flow versus total investment versus appreciation potential.If I followed that rule, I would have missed out on a LOT of great opportunities over the years.We bought a house in Jones Valley in 2017 with negative cash flow - why? 

the good news is that you're in the middle of a "masters" level education at this point.

Giovanni, Congrats on deciding to go to the next level. 

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

People of all experience levels come and share their insight!