If you’re looking for a good balance between appreciation and cash flow, there’s a lot of opportunity in suburbs to the west, including Adamsville, Forestdale, Pleasant Grove, and the like.If you’re open to nearby markets as well, Tuscaloosa could also be a fast-growing spot with strong student tenants worth looking into.

Good cost basis on the land and a strong ground game to complete.

Cash flow is important, but appreciation, principal paydown, and tax advantages are also key factors in long-term real estate success.Your logic makes sense—if your investment property’s rent offsets your primary mortgage and you’re in a strong appreciation market, it could still be a great long-term play.

For a 203k loan, you’ll want to target areas that have properties needing work but also a strong potential for appreciation after rehab.

If you are considering working with them, I strongly advise you to double-check the provided rates and terms carefully.During my loan process, I discovered that they had added a yield spread interest without informing me. 

Hey David, you should consider investing long distance only if you're willing to put in the legwork of market research and networking to build a strong team of property managers, contractors, and deal finders.

From what I've learned in this business is that you're not only investing into a deal, but into the people of that deal.I believe that real estate is a game of strong connections, not expensive playbooks.

Hard money, private money, joint ventures, even lines of credit secured against existing assets—there’s a ton of capital out there looking for strong operators.

Raleigh has strong rental demand due to its growing job market, universities, and overall population growth.

Lucas, I respect your willingness to step up and take on property management, but I want to strongly caution you (and your friend) about the risks of managing a multifamily property without experience, certifications, or financial investment in the deal.