Historically, the average days on market (DOM) for rental properties only increases by about 6 days during November and December.

The homeowner collects a NET/NET 5% yield with 1% increases each year in long-term lease by a BBB+ credit rated tenant (similar to Morgan Stanley credit).

By facilitating the closing process and leveraging a strategic marketing approach, we increased the property’s visibility and quickly found a buyer.

I just bought a lovely 8 unit last April that had been horribly neglected but have turned it around and done some cosmetic renovations and increased rents.

We decided to do a full rehab to get nearly double the rent ($2900)and increase the ARV to $260k.  

Other most common factor: Family Size increases due to marriage or having a child. 

In fact, I have still been increasing my monthly ask with turnover.I agree with what @Dena Puliatti said - it is not a cash flow play in Huntsville right now whatsoever, but more of a "break even" cash flow play for appreciation.Folks, there is a LOT of dysinformation on Bigger Pockets right now about the Huntsville and Madison areas in numerous BP threads right now - more than I have ever seen in the past. 

I've heard of people doing this, but you need to be rehabbing it enough to make it higher value so ideally you need to be purchasing something that needs some rehab so that you can increase the equity because otherwise you're not gonna have enough equity to pull out

My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

It's kind of disconcerting when I can only raise rents by 5% but insurance is increasing by 10% to 15% per year.