I can see how starting with a 4-plex could provide better returns and learning opportunities without an overwhelming jump in complexity.

The average sale price for all new construction homes in the Charlotte region was $488k as of December 2024, so nothing less than $1 million is 100% false.

In my view, this trend is likely to persist and could be a strong demographic tailwind for a long-term investor like yourself.Specifically, Athens, AL—a city about 30 miles west of downtown Huntsville—was the #1 fastest-growing city in the state in 2023, so there’s a lot of growth, development, and opportunity in and around Huntsville proper.If you have the time, do some driving around.

You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

I would think landlords with 100 day old vacancies would be a good lead opportunity.

With experience in construction and sales, you'll definitely be able to use those skills to your advantage when doing value-add deals.The better the deal is, the easier it will be to do the BRRRR method and you can find some of the best deals off-market, so it's important to build a solid network and create deal flow so you can see as many opportunities as possible. 

It sounds like you have a great opportunity to maximize the value of the property with the right investment.

With its strong demand for housing and rapid growth in various neighborhoods, you’ll find plenty of opportunities.

Right now, I'm drowning in much better opportunities and by the time I wrap those up, I'll be retiring on some riverfront property that I like.