We also have an insurance provider here at MAREI that is the preferred provider for National REIA - RealProtect - and I have had people get quotes from them that saved them a ton over local agents.  

We are planning on doing the others with a mix of commercial portfolio loan and conventional (for one that I am going to hold by myself as a possible retirement home 10-15 years down the road). 

What to Look for in a Real Estate AgentWhen buying a home, you want a real estate agent who… Takes the time to understand your needs and goals, so you have a true partner in your home buying journey.Explains everything clearly and answers your questions, so you’re never in the dark.Has expertise and a track record of success in the local market.Knows how to find great properties in your price range.Will alert you to new listings, quickly, so you get the jump on those opportunities.Will advise you on the best price to offer for the home you want.Will prepare and present the offer, and skillfully negotiate such things as price, conditions, closing dates, etc. so you get the best deal.Will save you potentially thousands of dollars by ensuring you don’t overpay for the property you want.Will recommend reputable home inspectors, movers and other professionals you may need.Not every real estate agent offers all of these services.

Hello All,Currently I am employed at a insurance company in New York City.I"ve been saving my money for a a year now hoping to get into real estate investing and stocks.

With a limited budget using a targeted list can help you "save" money.

I have built a retirement account of roughly 70k and have approximately 15k-25k in equity in my house currently.  

Meaning, I fear that with what I would save on the entry when I buy I will pay for in the years to come with problems."

Ultimately, any money I saved was wiped out from city violations from an un-kept lawn.But above all – Alex’s comment above says it perfectly. 

Thanks for posting the above, saved me some time.

It looks like you're already in Birmingham, so a quick drive around the neighborhood shouldn't be an issue and can save you a lot of headache in the end.If the Calera property adds up without relying on appreciation, and you have already done due diligence on what the rehab consisted of, who's selling it and what their performance metrics are like (tenant turnover, maintenance rate, occupancy etc) then that is the best of your two current options.