They tend to stay to themselves, not a lot of company or complaints. 

My main focus on Florida stems from an established working relationship with a property management company there.

These companies are fly by night hence why they don't buy their own properties...

If you can get it built/sold in 12 months and are accurate with your ARV the underwriting looks decent.

Are there decent 15% or 20% options out there for purchases in Alabama?

Overland Park, KS vs Kansas City, MO) Very landlord friendly, worst case eviction is usually 8 weeks + $500 + lost rent (cannot comment on individual cases and this is not legal advice) Large diverse metro area - variety of jobs, companies, people can have a career in KC.

Quote from @Rodney Davis: Has anyone done a deal with this company, Strategic Investments Partners? 

@Kim LeduffIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Or using a company ?

Prior to the GFC I had a pretty robust HML company with 20 plus employees doing 60 HML a month through out the mid west Rust belt and deep south by 2010 It was over like 95% of all HML we all got our butts handed to us..