(In Tennessee, this figure is about 0.6%; in Florida, anywhere from 0.6% to 1% is common, depending on the county the property is in.)As for Birmingham, you can find single-family homes in B/B+ neighborhoods here for between $120,000 to $150,000.

I've managed C, B and A properties with rent ranging from $500 for a garage apartment up to luxury apartments.

I am looking for light value-add Class B small multifamily 2-4 units in Houston TX, preferably Friendswood, Webster, Pearland, League City or nearby areas that can be positioned as Mid Term or Short Term Rental.  

No aspirations to continue to build and move in syndications, just plain old buy n holds in class B neighborhoods.

One of your biggest challenges will be separating all the online fluff from reality.EXAMPLE: several S8 "gurus" have already been exposed as frauds, but unfortunately, they sucked in thousands of investors.You're an engineer, use your education & experience to start building up a logical approach to investing in rentals:)Start with this:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

.---- OR ----(B) Network with the REALTORS who already have done ALL that in (A), and have gotten dang-good at it, so good that they are weekly/daily sourcing potentials.

Rental B loses 35,000.

@Dan IllesYou can get software that will track the engagement of your posts and run A/B test.

I generally look for those regions between A/B and C/D markets.

15-20% cashflow ROI when buying for myself.Turnkey offered at 8% or higher depending on volume for solid B class is good buying IMOAs you know, for us like yourself on the ground the deals can get incredible.Just trying to get a 6 unit across the line for $160,000.A class area in Toledo and needs around $50,000 rehab.Current rent's are below market at $3,250 and will fix and increase to $4,500pmStupid good numbers lol