Shoot for 6 props or more , which in Birmingham means having about $150k in capital to deploy for dp's (6 * $25k dp each, average price for solid B/B+ cash flow props is about $100k) plus some for reserves, of course.

However, I now have a Duplex under contract in Birmingham and did the final inspection last week and I was looking to secure funding, then my current lender told me that they don't service the State of Alabama. :/ Does anyone know any smaller local or bigger banks that would offer the same type of loans?

Some of the most common ones I have come across in biggerpockets are - Birmingham AL, Boise Id etc among other places.

I got quotations from Birmingham Insurance Group, Real Protect, and Arcana Insurance as well.

My first buy out of state was in Birmingham over 2 years back and it didnot work as expected.

@Jake WaslaskiI have three ~50 unit apartments there and like it much better for growth than my Birmingham stuff because of the STEM jobs there.

Most people I work with live in primary markets (as opposed to Birmingham, Atlanta, Indianapolis, Kansas City, Memphis, Little Rock, Jacksonville, Ohio, or other secondary or tertiary markets) where the Rent-to-Value Ratios are under 1%.

Yes, glad to give referrals to anyone looking in the Colorado Springs area, or in Huntsville, Birmingham, Montgomery, Atlanta, Kansas City, South Bend, or the Florida Panhandle where we have done a lot of cash flow turn key investing.

Good time for property investing in Birmingham Alabama! 

Any experts in Birmingham, AL that can help me analyze my 1st investment?