Under Alabama law, that is a VERY dangerous play and you could end by losing money.You also cannot sit back and let him build the house and say "Thanks."

The city somewhat aligns with the school year, so there aren’t many relocations during the winter months.I like North Linden, North Hilltop, and South Hilltop for their affordability and better than the worst crime rates.

Personally, I would not keep a rental at an expected deficit, and I would not want a rental without a safety net to be able to cover six months of disasters. 

If you are confident in the deal closing and if it's a good deal it could be worth the risk. 

I'm planning to do that for each of my two sons when they move out and go to school. 

They say you should focus on one market and get to know it in and out.

See what they are doing and that's really your best answer.

In this post, I'll talk about key care-abouts and tasks once you sign the contract and are into the due dilligence period:1.

I live in New Jersey and would like to make this a medium term rental.

Usually, a Sub-To deal has a better rate than the market rate and so does seller financing.