It still is very possible to find properties that meet the 1% rule without much difficulty; but it’s also tougher now to find a mortgage for anything valued under $100k – regardless of condition or P&L.To me, the shenanigans Code Enforcement continues to play on a new owner after a sale plus the recent increase on the annual rental registration fee really discourages buying more in the City.

What area code should I look for in my budget and best area possible for that budget?

They're not going to add much cost to the permit and you want to make sure everything you do is up to code.

Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD​ (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USD​Loan Amount: $313, 500​ (Monthly payments will be amortized as a 30 years loan​)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24​Closing Costs:  ~$3300 ​Zip Code: 74105Observations:       * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD )     * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked

All the bylaws, building codes and fire codes can be found on the city website.

My property is in the Homewood/Vestavia area...35216 area code.

An interesting company looks good an LLC I prefer stock in REITS will look into that further the domain grocapitus.com is registered at Tucows in Canada and a 415 area code for office that's consistent with a Tech company $75 k buy-in.

Essentially, a 1031 exchange is that neat little trick in the U.S. tax code letting you swap out one investment property for another “like-kind” property, all without taking a tax hit upfront.

Not to mention that night I slept on the floor of that flip house, I could see all the work that wasnt done, wasnt done to code, and was done poorly.  

Hope no fire hazards or code issues or noise issues or electric shock etc. by doing this project.