With room to enhance its value through upgrades, we saw the opportunity to deliver a strong return while helping revitalize the neighborhood.

Today almost all houses in these neighborhoods are investor owned, with a high proportion of Section 8 tenants.

@Julie Philpott Franklinton is a very gentrifying neighborhood.

🤣Two attorneys and one CPA firm tried to hire her.

Pick a desirable neighborhood where your home will appreciate and go for it!

If you start in an affordable Sunbelt city like Birmingham or Montgomery, for example, you can acquire a turnkey rental in a B or C neighborhood for around $120,000.

Buy from a quality builder in a neighborhood which is going to appreciate.  

(And if so, how do you prevent everyone in the neighborhood from using it?)

In my ideal scenario, I would do some more entry level projects to start off while I learn the ins and outs, but my goal would be to eventually work on more luxury flips - larger scaled projects in more desirable neighborhoods (though fewer and farther between).  

They also have a track record of five prior funds which the track record was certified by a third party firm.