If its too high, you're dead in the water.  4) Place a contract on the property, open escrow (although AL might be a lawyer state, I haven't done a deal there in a few years), and then start contacting flippers.  5) Understand that wholesaling any home in an area with low demand (rural/small towns with slow economies) is going to be tough. 

As you may know, AL is highly regulated and this business demands detailed attention from all parties involve to effectively run a RAL business. 

Huntsville, AL Rental Market Trends

UtahAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bank of the west BB&T will loan on a rental portfolioBBVA Compass Boeing employee credit union Bank of West (BNP Paribas) 60% LTV ELOCs California: Cal Coast Credit Union and Fremont BankCitizens Bank -Minnesota, only in-state.

Returning from contracting over seas early 2021 and want to invest extra cash into real estate market in the greater Huntsville area. I plan on starting an LLC and would like to have 1-3 properties by the end of 2021 ...

i am in Alabama as well. i can help with funding and lenders that can help structure deals. i have hard money, non conforming debt and equity relationships.

According to Al Alielo (real estate tax guru) watching "Girls Gone Wild" would count, since the people on there could be your tenants.

@Karl Washington yes, potential patners or contractors, et al.

@Tyler Barker et al, great conversation.

I purchased a property last summer in Mobile Alabama for $38,000.