I know there are some Renatus folks there, but not a really strong presence and I intend on changing that.I spent years digging through YouTube and buying books.

Many people mentioned that it is strongly recommended to have a CPA as a part of the team. 

It's a great market for short, mid, and long term rentals due to its strong economy and growing population.

There are several multi's on the mls right now that I would strongly consider if I had the time right now.

With your resources, once you find the right property, you’ll be in a strong position to flip and build capital for future investments.When you flip, please talk to your tax advisor about whether you are ready for an S-Corp and/or whether you should operate under the same entity as a construction company.

@Ka Vangyes, you can use a HELOC for a down payment as long as your debt to income ratio permits getting a loan for the balance.however, i strongly, strongly recommend against it. 

Hey Ashley,Accounting/Bookkeeping is not my strong suit so maybe we can help each other out.I run a real estate company in Birmingham AL and I've been in the industry for over a decade. 

This means you can often have positive cash flow from your property while reporting lower taxable income, or even a loss, thanks to depreciation.So, while your cash flow might be strong, your taxable income could be significantly lower due to these non-cash deductions. 

The property's initial condition, though needing work, had strong bones, making it an ideal candidate for renovation.

My best advice is to work with someone who can easily plug you in with their network of PMs, GCs, and lenders and can guide you in making strong offers.