I think the market has shifted in most areas, and "too much cash flow" isn't really a concern anywhere with interest rates where they are, whether in Alabama or California. 

Take for example the lack of productivity where construction projects often experience time and cost overruns, rework or quality concerns. 

Alternatively, if your project wraps up quickly and you’re less concerned about pulling cash out, a rate-and-term refinance could be another option.Happy to connect if you have more questions!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

**Ethical Concerns:** At the time I joined, certain marketing tactics raised red flags for me.

For more explanation of what they are feel free to read the many threads on Bigger Pockets concerning them.

This seems crazy as the risk is different, the rules of what you can do with the cabin is different, and most importantly the price difference between cabins on land they own versus forest leased land is extreme.

For the issue itself, the crack isn't necessarily my biggest concern, but the displacement of the foundation is what worries me.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

I am not familiar with Horn Lake and the economic conditions you mentioned as a CON, but if you already have those concerns, on top of a large rehab, which typically don't shrink as you get started, and being OOS and needing a PM team, you may want to consider other options as you get started.