The location is A+ and near where I live.

My next goal is to implement the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, specifically in Birmingham, AL, and focus on Section 8 properties.With relatively good rehabs, I’m not looking to be a "slumlord"—I want to provide quality housing for tenants while also ensuring my investment is successful.I’ve heard mixed reviews about Section 8 tenants, but I’m eager to learn more.

Hey BP Community,My name is Sylvens Bellanton, and I’m the founder of Clearview Management, an investment group specializing in real estate acquisitions.

@Treza Edwardsthat is a good list, it can also depend on the property or jurisdiction. 

@Matt Smith I think this narrative is way over blown.  

Some areas worth looking into:Centrally located neighborhoods like Alhambra and parts of Maryvale still have affordable properties with strong rental demand.West Phoenix (Tolleson, Avondale, parts of Glendale) offers good price points with room for appreciation.South Phoenix is seeing a lot of development and has solid long-term potential.Mesa and pockets of the East Valley can work, especially if you find something that needs light rehab but has strong rental demand.It’s definitely tough to get both cash flow and appreciation in today’s market, but if you’re strategic with your buy, rehab, and financing, BRRRR is still doable in Phoenix.

The range for a four bedroom is more around 1400$ though.

This was a pre-foreclosure and priced to sell as-is.

This way, all investors are on an even playing field as to risk, and there is no dilution because everyone is contributing pro-rata.3.  

So don't just assume the market is bad, do your homework, it could be a setting in one of your management software tools.