Still, two different sources that use that data show the % of total households that are rented in Birmingham is closer to 31%, and the NLIHC shows Jefferson County is up to 37% (you can change the MSA/county selection via a drop-down menu on the right)https://reports.nlihc.org/oor/alabamahttps://www.deptofnumbers.com/rent/alabama/birming...The 'Dept of Numbers' also shows our rental vacancy (number of vacant rentals vs total number of available rentals, which includes apartments) being below 8%:https://www.deptofnumbers.com/rent/alabama/birming...I always love to see folks diving into the numbers and really honing in on market analysis.

Send me direct message or we can set up a call if you’d like.Hey Rachael, I have been looking at Cleveland lately and a concern I have is the fairly low median household income and the unvaried job market.

Is it true that every person in a household can only own up to 4 investment properties to be qualified as a conventional loan? 

No Exceptions.They are either approved (as a household group), and everyone else gets their fee back, or we deny and move on to the next app.

Hi Peter, no the 3X means their household income needs to be at least 3* of the asking rent.  

@Garrison Householder maybe I'm too used to being in a city full of policy wonks who are specific about why things are bad.

@Elijah Householder Both are some of the better options in SoCal. 

Secondly, at your stage in life, it may also depend on whether you are counting the income from this rental in your household operating income.

You’re essentially setting up a new household and that always turns into a lot of money and time.

We are interested in that area due to the low property prices and an average renter-occupied households.