Although it depends n your budgets and expectations. $430 could be chicken feed to you.How big are your pockets lol.Obviously you want them to get bigger!

After rehabbing, we expect these homes to rent out for about $1,300 per month.Neighborhoods in west Birmingham—like Forestville, Adamsville, and Pleasant Grove—could also fit your criteria.

Quote from @Kandice Morgenstern: Does anyone have a good lease clause to outline responsibilities and expectations during mandatory evacuations?

And how can we align our approach to meet those expectations and improve our chances of securing financing?  

That's without figuring in tax benefits, increasing revenue per year with inflation, picking a market with more appreciation potential, making more than $1K/month profit (very doable) etc that could supercharge those numbers even more. 

I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grandparents that is held in an S-corp which is co-owned by myself, my siblings, our cousins, and an idiot uncle.

And I wouldn't expect them to, it's a self inflicted thing.

If you have the ambition, you can figure out almost anything now a days through some youtube research. 

Let me know if you need any tips on working with contractors or setting expectations.

Depending on property size you can expect rents between $1500-$1850.