Be sure to get an engineering-based cost segregation study done by a reputable company if you paid at least $250K for the property including land.

Since then, I’ve been listening to BiggerPockets, On The Market, and Real Estate Rookie, and I’m currently reading The Multifamily Millionaire by Brandon Turner.A bit about myself:I'm a 31-year-old software engineer looking to become a long-term multifamily real estate investor (REI) and achieve FIRE (Financial Independence, Retire Early).

@Chris Miller history doesn’t repeat itself, but it does rhyme.I remember 2006, and how the fed was engineering a beautiful soft landing and everything was great and home builder stocks and banks and investment banks were THE stocks to own because all the data was pointing to a rosy future.The only data source you would need is the yield curve.  

My degree is aerospace engineering so Hunstville, AL has been very interesting to me as well for not only work but also real estate but while I might not be tied down to where I live now its also not as simple as just packing up and moving.

We were drawn to this program because as an engineer with little interest or time to swing a hammer.

haha. but can certainly send you my architect/engineer they have also been amazing.

The tenant is a civil/construction engineer.

I built this pricing engine as a good way for people to keep tabs on where DSCR rates are at for any given scenario without having to submit any personal details.  

Being an engineer, I am wondering if there are areas[deal analysis,  underwriting,  acquisition, financing, or investment/funding)  where some automation (intelligent insight, reasoning, and decision support) can help you grow the business. 

You could consider it disposable but I am guess the costs to get it safe for habitation will really impact your decision.Regarding the house on stilts, if it is properly engineered it would be considered real property with a unique foundation.