The distance to linkages, (employment, shopping, etc) has a major impact on the reaction of a market whether in Alabama or elsewhere.

I see a correcting and major crime heading towards Sacromento and greater Sacromento county very soon!

But that also assumes the assessor has the right info in the database (some don't, particularly if there's been an unpermitted addition or major remodel).There are also certain searching expenses and research expenses and travel expenses that you might be able to include in basis.The legal fees for setting up an LLC are NOT included in the basis of the property. 

The market and area is very solid, all major and minor appliances are no more than 5 years old.

The vast majority have little or no idea on the tax and other implications of investing and their standard answer is "invest and you will make great returns". 

@Keivan Darius I second @Kim Meredith Hamptons recommendation about NARPM, hiring a PM who is not NARPM credentialed is asking for major trouble.

Go to the local building and safety department and bring the address & APN of the Property.

I see a correcting and major crime heading towards Sacramento and greater Sacramento county very soon!

@Wilson Lee I'm not looking to buy anything that needs major work for my first property, so a contractor wasn't on my radar.

There has been a dramatic increase in listings, but if you keep your rental nice and kind of unique/stylish, it's likely not a bad investment idea.The city/region has a major issue right now regarding hotel/short-term rental availability.