Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!

I run a couple monthly events where you can meet other like minded investors as well!

There are some legal considerations as well as practical considerations 1.  

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

Most importantly, learn how to manage it well so you don't squander your investment.

I don't understand this topic very well so looking for a connection to a good real estate focused CPA to help with my filing.LLC does not change your taxes, and it's even possible that cost segregation does not.

Birmingham’s market is diverse, with various areas offering different levels of potential and risk, so getting boots on the ground can be one of the best investments you make in terms of time and money.I’d be happy to connect and share more about what I’ve learned from my experience managing properties in this market. 

I wish you well in any case.

Operationally, it's easier in multifamily and you'll have cost-saving opportunities as well when it comes to certain expenses.

Let's break down a realistic timeline for building your REI business without burning out or risking your day job.