And while it has it's challenges, I love this area for long term rentals.

@Cyndi Lees the thing that catches my eye in your post is that it would require quite a bit of work to get it started as a rental.

I agree with Collin.At the very least, you need 2nd home, "vacation rental" insurance.

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

Don't be afraid to negotiate, particularly if you have a lot of rentals.4.

. * Day 1: I arrive at the rental.

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

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.

Other areas constantly threaten to curtail the ability to use homes for str whereas sevier county is based on the rental of cabins and they have zoning that can never be rescinded to guarantee it. 

Begin by educating yourself through books like The House Hacking Strategy and podcasts like BiggerPockets, and join online communities for support.