Bham is a great market.

.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

It’s important to ensure you’re comfortable with these risks and consult a financial advisor.If you choose to use a HELOC, consider traditional financing or private loans as alternatives if you prefer not to risk your home.As for your first rental, markets in the Midwest and Southeast offer great opportunities with turnkey properties that are tenant-ready and appreciating.

And I have had two potential opportunities "fall into my lap" that involve inherited properties that need major remodels to be able to compete in the MTR market. 

We hit the first shift of becoming a favorable buyers market.

I haven't stopped my marketing campaigns, and suddenly I have several potential deals coming at me at the same time. 

I recd a bunch of marketing flyers from them last week

I would keep it at "reasonable market rent" (whatever that means).

The 2 older adults would be the market.  

Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?