Hi!I think I found a good REI deal in Irondale, AL (outside Bham)I'm estimating a $130,000 purchase price, $1300 monthly rent. Here are my costs
Maintenance reserve, 5%......$65Vacancy 5% ...............................

I get all of my yellow letters and we buy houses mail at my mail box in Oregon and the proeprteis are all over the US.. they will generally mention the address or at least the city.IE i want to buy your home in Birmingham or your home in Cleveland or your home in Vegas or your home in Indy etc etc. 

Real estate is always local and what is working in Kansas City or Birmingham may not work in  Arizona.

I can recommend Sarah Taggart in Huntsville (who does evictions all over the state) and Greggory Deitsch at Sirote Permut who is in Birmingham and does them all over the state, and Larry Darby in Montgomery, who does them in the Montgomery and Auburn areas. 

I'm a realtor in the Birmingham, Alabama area.

New member in Birmingham Alabama. looking to network with locals and outward agents, lenders, builders etc.

For context, I am in the Birmingham AL market.

I have a section 8 tenant in Birmingham that hasn't paid their December portion and doesn't look like January's will be coming soon. 

You still have several options, depending on if you want to invest directly in individual properties or be a bit more removed:Full-service turnkey investment: Should be mostly passive after you do your due diligence and pick a provider, but don't skimp on your homeworkYou choose which props to purchase, but have no control over tenanting choices, some say in large maintenance expensesAvg cost for solid B/B+ prop in Birmingham (and some other markets but this is the one I have data for, since it's my market) is about $100k per door; you'll pay market price for a tenant-ready, fully rehabbed propertyPartnering with someone who does the on-the-ground stuff while you provide capitalCan be passive if your partner really knows their stuff, but more likely you'd be fairly involved with the choices madeMore control since you call the shots with your partnerYou can pick which markets and price points you're interested inPotential for higher returns (ie buying distressed and then forcing equity through renovation) if your partner is experienced and can execute consistentlyInvesting in a syndicateMany investors pool funds to invest in much bigger projects like commercial space or large MFRs, or in larger portfoliosVery passive, investors are not responsible for project vetting or management, but you have no controlMay have higher bar for entry, some syndicates require large investments and you'll need to have liquid cash on handBuying shares in a REITLike an ETF but comprised of real estate investmentsVery passive, but no control over which assets are held in the fundHighly liquid, easy to buy and trade, lower bar for entryEverything is a trade-off between passivity and control, time and money.

Birmingham, Atlanta, Indianapolis, Kansas City, Memphis, Little Rock, Jacksonville, Ohio, or other secondary or tertiary markets.Let me know if there are any specific questions I can help with.