And preparing a building site and installing a driveway are further considerations if I even decide to build something there.

@Max NathanInvesting in Alabama from Miami is absolutely doable with the right preparation.

During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.

I'm much better prepared for the future.Thanks again Chris!

You will likely be annoyed if you get a request for 4 rooms when you have just filled a single room, so be prepared for that.2.

All the theory and strategy on here can help prepare you but the best education is doing. 

Always prepare for the worst.

Understanding the risks associated with any investment, being prepared for the worst possible outcome, and having a plan for when an investment doesn't perform as expected is essential.

it sounds like you're really eager to deploy a bunch of capital into supposedly cheaper markets, but you're not going to cash flow $500 on a random single family anywhere unless you are self-managing and super hands-on and prepared to deal with rough turnovers.  

Just trying to prepare for the worst.