AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

The net result is basically the same, but it keeps the two properties separate from a lenders perspective.Any low down payment money, particularly on an investment property, is going to come from a private money lender.  

Look for properties with low taxes, separate utilities, strong demand, and potential for rent increases.

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

This would also allow me to keep my primary at a low rate loan. 

----------------------------------------------------------------------------------------------------If I had to start all over again, I'd look to acquire a 2-4 unit property with an FHA low-down payment mortgage.

In multifamily here in Reno, NV (just over the hill), we have seen some great deals with higher cap rates for buyers, but also very low cap rates on some renovated, turn key inventory. 

But we moved out the low rent tenants and after the rehab we filled all units with market rent tenants.

However, if your current interest rate is low, be aware you will be buying into a deal with much higher interest rate with today's rate.For your new purchase, you should be able to use a DSCR loan and get financing without income as long as credit is good.

Although the market is a low cash flow market due to its very low risk being so close to Washington D.C., long-term holders who participate in the upcoming rent increases and leveraged home price appreciation will see a strong opportunity to create Alpha in the market.Deep Dive into the Developments.As you will see, there are many different amazing sub-markets in Alexandria to invest in right now.