Even accepting first position offers can open the seller to being sued (never heard of it happening).Verify that the seller cannot sell the property without the contract being released (both parties signing).

A minimum of $1M in coverage provides added protection in case of major liability claims, though $2M–$5M offers even greater security depending on your situation.

My plan is to build along the same type of home, but of course with some of my design inputs.I want to get a really solid foundation before any actual building happens and I would truly appreciate any advice that anyone has to offer of some preliminary items I should know and take care of beforehand.

@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.

Some parts offer higher cash flow, while others focus more on appreciation.Connecting with a solid local team will be a game changer.

thanks for whom ever may lead in the right direcMilwaukee's STR space is getting saturated, especially if you have nothing special to offer.

Don't chase the market to the bottom.And Check current comps before you make that offer and close on that new purchase. 

For instance, even if a property has excellent characteristics, it may not rent if there is a significant amount of traffic on the street.

They are a regulation a+ offering so they must provide thse reports to the SEC which are public.

Increased demand for historic district rentals and excellent rental history.