Alabama is very business friendly and there isn’t nearly as much competition there as some markets.

Quote from @Travis Smith: Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses.  

For now, staying local allows me to leverage my property management experience—most of which came from working directly for family and close business associates who were property managers, contractors, and business owners.

You must have the intent to hold the relinquished property and the replacement property for rental, investment or business use. 

The other way I fund deals with none of my own money is using a private lender that I have years of experience and relationship with and/or using HELOC and other business lines of credit.

Best of luck on your journey, and remember, delayed gratification is your best friend in this business!

I used to do BRRRR strategy here but now only do flips and help with others' house hacking or flipping.I had to move my BRRRR strategy side of the business to Tyler Texas.Are you still investing locally or only out of state?

Blanks model is very comprehensive.

There are so many ways to approach this model, from buying existing, to retrofitting homes, to building new.

When my business partner and I were still flipping we bought a couple through Auction.com and we always used a private money lender to fund those and our other flips.