If you have limited prior experience owning / operating multifamily assets, they'll also require you to use a professional property manager with multifamily experience.

AL has the second lowest property tax rate in the US allowing you to keep your operating expenses at a minimum. 

this works well if the tenant is a national user or multi unit operator who has built these buildings many times. 

Hey @Tim Bergstrom, not sure if you've made any progress on this - we're operating in nearby Lexington and have vetted a few deals in the Louisville market.  

Many investors start their journey by diving into individual distressed property deals, but if you want to grow into a high-volume operation, it’s essential to change your mindset, strategy, and execution.

You want some time to figure out your operations, get experience, and get good management in place before scaling. 

I’m starting a wholesaling company based in Wyoming and interested in operating in Texas and Florida as a start.

While there could be avenues to acquire real estate creatively with less cash operating  real estate properly is capital intensive. 

The stabilized properties operate fine without me but the development side of the business requires me 24/7.

Companies are unlikely to consider cities with high crime or cities with high operating costs.You will need multiple properties to replace your current income.