But have always invested in real estate. 

Investment Info:Single-family residence buy & hold investment.

I don't believe that any investment is 100% passive.

Your initial terms will vary based on your investment experience, but generally, you want to plan on needing 20% of the purchase price if you're a newer investor and the lender will cover 100% of the rehab.

You may want to find a good agent in the southern NH area as I'm hearing that market is prime for investment with people moving up from MA, but your other markets might be just as solid.Also, since you're already an agent, it's pretty easy to get your reciprocal license for NH or RI.

He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

It's creating new ways to unlock property potential and offers a pathway to profitable investments if you're targeting the right neighborhoods.Here’s the deal: SB-9 allows to split a single-family lot into two parcels and build up to four units.

What is the best area in Birmingham to invest?

I am in Los Angeles and investing in SE Wisconsin for the past few years. 

After that initial down payment, the bank will basically be financing your investments.