Investment Info:Small multi-family (2-4 units) buy & hold investment.

Lee: Hello,I am new to this forum. 

Hey guys, my family has done a couple rentals in the Birmingham area and want to know what are the good areas that have worked for yall! 

When you do need an LLC is with MF properties or when you have partners.FNMA, FHLMC, FHA & VA all have due-on-sale clauses that may be triggered by transferring via a Quit Claim Deed (QCD) a property from your name to an LLC.

Just adding a little $0.02, outside of what he said, most banks are not going to be your friend when it comes to this type of construction, or any for that matter. 

In a lot of sections of the house this was a good thing because less drywall work, but there is one room that has old wood paneling that was severely warped.

I reach out just to help as I'm a local agent/investor here in the area; and my focus is primarily on investment properties with my clients.

I'd love to have another conversation.  

I don't think your first property needs to be perfect, but doing the work in advance gives you the possibility of refi (in a good rate environment) or more equity on a HELOC.

The plan is to buy more this year, but I can only do one deal at a time.