I have a rental SFR which will be placed on market on Feb. 1st. 2025 in Elk Grove, CA.

@Lillian Pintaro,Birmingham’s a lucrative market—it’s been my stomping ground for nearly 20 years, and you can find some excellent deals if you know what you’re after and dive deep by zip code, neighborhood, and city block.For what it’s worth, we manage 2,000+ units (many for out-of-state investors) mostly in the north and west part of town—so think suburbs outside the city limits like Graysville (35073), Adamsville (35005), Mount Olive (35117), Center Point (35215), and the like.Since you’re also open to the surrounding areas, places like Odenville (to the east) and Tuscaloosa (to the southwest) could be worth checking out.

It is naturally insulated and it captures passive heat with strategically placed windows.

With proper tenant screening and systems in place you can absolutely be a successful landlord.

This is a great place to learn and to connect with people so take advantage of all the great resources.

It's a great place to start.

If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?

During this renovation period would you, as the lender, want an Actual Cash Value or Replacement Cost policy in place?

I have not done a demo, that's probably a great place for me to start.

That 4% cap rate on in place financials is a lie.