It also provides the opportunity for both appreciation and cash flow, especially in markets like Birmingham, AL, where value-add strategies can thrive.So as others have said, avoid turnkey if you’re looking to build real wealth.

I live over in Gadsden, frequently travel Birmingham, and dying to know what you see in Birmingham.

Diversify into cash-flow-friendly markets like Indianapolis, Birmingham, and Florida.

My first rental in Birmingham I bought back in 2012 is now around $148,000 and rents for $1,000.It’s all about adding value.

should allow you to save for your second deal fairly quickly.Full disclosure: I run a turnkey operation based out of Birmingham, AL—happy to point you in the right direction and answer any questions that come up!

I am about to begin purchasing rental properties in Alabama (Birmingham) and rehabbing and renting them.

If you start in an affordable Sunbelt city like Birmingham or Montgomery, for example, you can acquire a turnkey rental in a B or C neighborhood for around $120,000.

Central Birmingham has a lot of boarded up/burned down homes throughout the area which are deterrents for the rental side.

Quote from @Joshua Wei: Can anyone recommend a company in or around Birmingham, Alabama that performs cost segregation studies for single-family homes?

I have a couple of MFs in AL, some in Birmingham.