For example, in C class neighborhoods, you might see higher tenant turnover and more wear and tear, which can increase costs over time.It’s also worth factoring in reserves for capital expenditures (CapEx), even if major items like roofs and HVAC systems are new.

Will you have cash flow on day one or do you need to increase rents or find better tenants? 

I like the West Mobile area, its class A area, you can definitely find deals there, 3 bedroom with 2 bathroom for around 220k or so, you may have to wait a couple of years for positive cash flow but properties there increasing in values better than others.

How do you evaluate the increase (or decrease) in price of the land in question down the road?

As home prices or interest rates increase, fewer people can afford to purchase homes, forcing them to rent.

They are packed with experienced and new investors and are the best way to get the confidence in real life to add to books and podcasts and these forums.

If it's tight or you're uncomfortable with the tenant you have in there from a confidence perspective, especially if this is a first deal, maybe meet in the middle and get a lender at 75% or 77% (doesn't HAVE to be at 5% increments) that wont make you season, and leave a bit more money in the deal, but sleep better.Overall, if I cash flow well, have/keep reserves, and am comfortable I fixed everything in the house, I like to max out the LTV on refi.

The equity increased a ton especially w the limited supply 

While the prices of home are low, rent yield is still strong making you feel more confident in achieving those cash flowing goals. 

They can introduce you to all the local players you will need like property managers and lenders.Over time, increase your own personal knowledge and development with books, podcasts, and conferences on the topic.But finding a commercial real estate broker with a teacher's heart will go a long way to getting you started.To your success!