There are a lot of great resources here and around the web for people looking to invest in Birmingham.

It’s a straightforward read without much fluff and breaks down different strategies based on your market.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

We are based in Long Island NY but invest in the Mid-West. 

A lot of our clients are San Diego based and it is a good place to be.

I Can only realistically get $1600-$1700 a month renting my house based on the market.

For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.

Focus on having a budget and having a strong financial base Thanks!

Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.

I understand the standard rate in the USVI is 6% but believe I should be able to negotiate down based on the expected sale price.