Bham is a great market.

Renting to a friend can complicate things, especially if you're starting below market rent.

@Arun Maheshwari we work with clients to find turnkey rentals in Houston, DFW, and San Antonio in TX, but also have 8 other markets we're in across the Midwest/midsouth.

I would consider getting 1-2 deals on market before you purchase off-market.

Value: I am paying current market value. 

You’ll want to make sure your property is styled and stocked to fit the target market catering to what Big Bear has to offer and what guests expect.

Then to find inventory, you need to search out, i.e. network, and find out who is creating these type of notes or you help people that may have an interest in seller financing how to create a note that is marketable to the secondary market.

Another concern is after the two years, I still wouldn’t be lendable for most properties in my markets due to that lack of income. 

Years ago I bought houses for $25k in my market.

They have been managing fine, although not too busy, I guess because of the market.