Neighborhoods in areas like Homewood and Hoover have been experiencing strong appreciation, and the rental market continues to be strong, especially with the growing number of young professionals and college students in the area.As a loan officer, I’m here to help you navigate the financing process, whether you’re looking for your first investment property or expanding your portfolio.

Taking a property intended for a flip and turning it into a rental or vice versa have historically been viewed as the most common pivots but sometimes the best course of action is to sell, even at loss.

Our market is still great, great pricing, and a solid opportunity to acquire off-markets as i work with wholesale partners, but a very savvy agent that can negotiate well for STR or long term rentals and great with understanding the best possible options for an investment property. 

Pending property prices in your market perhaps $25,000 is enough to buy a small rental house.

So, how much and whether it makes sense to update a property is about making it cash-flow better as a rental NOT ARV. 

Save that down payment money you mentioned or go for a multi family at a higher price than the single but have rental income. 

Quote from @Brandon Morgan: hey guys I am new to real estate and I just got my first rental property this past year and have tenants and things are finally stable now.

Can do a DSCR or full doc loans but these will be long term rentals. 

Do you do short/mid-term rental management?

That likely means that they are not good with money management which you are likely expecting from him.To answer your question, if you are doing long-term rentals, the LLC taxed as a partnership is likely the go to route.Best of luck.