So long as you can keep it occupied and drive up your base rent over time, your property will appreciate and you will maintain (and increase) your equity. 

The Birmingham market has been showing steady growth, with increasing demand for both single-family homes and multi-family properties.

We chose this area and home because of the redevelopment in the area, increasing values, proximity to major venues like Lucas Oil and Gainbridge Fieldhouse.

I also assume you’re investing in an area with increasing rents so look at 3-5 years out with increased rents an it better cashflow well if rent isn’t stagnant. 

Instead of buying the same type of property each year, the idea is to gradually increase the size or number of units in each deal.

You have to find a zip code that has a prevalence of multifamily and a pathway to build multifamily.

If the zoning map was altered where all 2-4 units were now RT-4 then developers couldn't just tear them down to make SFH and building owners wouldn't need to fight the city to increase density. 

.- Rebuilding Costs: Higher-value homes may have higher premiums due to more expensive repairs.What This Means for Homeowners- Fairer Premiums: Properties with lower risk may see lower premiums, while higher-risk properties may face increased costs.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed. 

As population grows, housing demand increases, driving rents higher.Rapid and Sustained Appreciation: Not all cities with growing populations appreciate rapidly.

As I posted recently on BP, some of the units that I've owned included heat and hot water in the condo fee, which increased the condo fee such their fee was in the $380 monthly range.