In the near future, we’ll be visiting The Shoals area in northern Alabama, where we’re considering a potential move this spring.

Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.

Do class b for less risk and less effort.  

The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.

It seems every market goes through a cycle -- unnoticed potential; early titillation as the potential becomes known; flood gates open and gold rush is on; property prices rise, revenues drop, regulations come in; and finally balance is found.

For first-time investors, neighborhoods like Riverside, Murray Hill, and North Jacksonville could be good places to start, offering strong rental demand and potential for growing neighborhoods.

I think it is a good market with growth potential and it still has properties they can be purchased from wholesalers for around $150,000 that after you put $40,000 they are worth around $240,000.  

The numbers definitely work if the rehab stays within $100K–$115K and the timeline is 6 months, but with a full gut reno, I want to be realistic about potential delays.

Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.

Explore Potential Funding OptionsPrivate Money Lenders (PMLs): Reach out to private individuals looking to invest in real estate.