Yearly increasing costs will, in time, eat up any profit they have per unit.

The Birmingham market has been showing steady growth, with increasing demand for both single-family homes and multi-family properties.

The investor must consider whether the potential property value increase or other benefits outweigh this loss. 

Buyers usually want to purchase on today’s value while sellers often want to use future potential of the property (“current rents are below market” or “room to build an additional property”, etc) to increase the purchase price or likelihood of a sale.

How are you able to scale big when out of state and super busy? 

I define small business owners as people who employ w2 employees.

. | Better Business Bureau® (bbb.org) What will filing a complaint with the BBB do?

However, investing locally has become increasingly unfeasible and unrealistic due to the high costs.

.- Rebuilding Costs: Higher-value homes may have higher premiums due to more expensive repairs.What This Means for Homeowners- Fairer Premiums: Properties with lower risk may see lower premiums, while higher-risk properties may face increased costs.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed. 

I recommend you do this annually to adjust for utility increases and other variables.