Buyers and sellers should stay informed and adapt to the evolving market conditions.Birmingham, AL Rental Market Forecast (June 2024 - November 2024)Single-Family HomesJune 20242-bedroom: $1,150 (MoM: +0.4%, YoY: +4.5%)3-bedroom: $1,410 (MoM: +0.7%, YoY: +3.7%)4-bedroom: $1,680 (MoM: +0.6%, YoY: +3.5%)July 20242-bedroom: $1,155 (MoM: +0.4%, YoY: +4.4%)3-bedroom: $1,420 (MoM: +0.7%, YoY: +3.6%)4-bedroom: $1,690 (MoM: +0.6%, YoY: +3.4%)August 20242-bedroom: $1,160 (MoM: +0.4%, YoY: +4.3%)3-bedroom: $1,430 (MoM: +0.7%, YoY: +3.5%)4-bedroom: $1,700 (MoM: +0.6%, YoY: +3.3%)September 20242-bedroom: $1,165 (MoM: +0.4%, YoY: +4.2%)3-bedroom: $1,440 (MoM: +0.7%, YoY: +3.4%)4-bedroom: $1,710 (MoM: +0.6%, YoY: +3.2%)October 20242-bedroom: $1,170 (MoM: +0.4%, YoY: +4.1%)3-bedroom: $1,450 (MoM: +0.7%, YoY: +3.3%)4-bedroom: $1,720 (MoM: +0.6%, YoY: +3.1%)November 20242-bedroom: $1,175 (MoM: +0.4%, YoY: +4.0%)3-bedroom: $1,460 (MoM: +0.7%, YoY: +3.2%)4-bedroom: $1,730 (MoM: +0.6%, YoY: +3.0%)ApartmentsJune 20242-bedroom: $1,045 (MoM: +0.5%, YoY: +3.5%)3-bedroom: $1,290 (MoM: +0.4%, YoY: +3.1%)4-bedroom: $1,510 (MoM: +0.7%, YoY: +3.4%)July 20242-bedroom: $1,050 (MoM: +0.5%, YoY: +3.4%)3-bedroom: $1,295 (MoM: +0.4%, YoY: +3.0%)4-bedroom: $1,520 (MoM: +0.7%, YoY: +3.3%)August 20242-bedroom: $1,055 (MoM: +0.5%, YoY: +3.3%)3-bedroom: $1,300 (MoM: +0.4%, YoY: +2.9%)4-bedroom: $1,530 (MoM: +0.7%, YoY: +3.2%)September 20242-bedroom: $1,060 (MoM: +0.5%, YoY: +3.2%)3-bedroom: $1,305 (MoM: +0.4%, YoY: +2.8%)4-bedroom: $1,540 (MoM: +0.7%, YoY: +3.1%)October 20242-bedroom: $1,065 (MoM: +0.5%, YoY: +3.1%)3-bedroom: $1,310 (MoM: +0.4%, YoY: +2.7%)4-bedroom: $1,550 (MoM: +0.7%, YoY: +3.0%)November 20242-bedroom: $1,070 (MoM: +0.5%, YoY: +3.0%)3-bedroom: $1,315 (MoM: +0.4%, YoY: +2.6%)4-bedroom: $1,560 (MoM: +0.7%, YoY: +2.9%)Market AnalysisThe Birmingham sales & rental market is expected to continue its current trend of gradual sales & rent increases across both single-family homes and apartments.

I am most likely going to start purchasing small multifamily/single-family homes in the Tri-Cities TN area this year.

You say that you get they have been violating the rules for a long time without interruption, and it does not change the fact of the rules being what they are, including the necessity to follow them or there will be accountability. 

It is possible that your latest accountant did everything correctly, and it is also possible that they did not.Have an experienced real estate tax accountant review it rather than asking on this public forum.

I've invested in a few passive syndications over the past 2 years but now I want to learn what I can about single family, duplex, etc. 

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

I have seen similar in some suburbs such as Waukegan, there apartment rentals are going for the price entire single family rentals went at few years ago.

Great question....my answer is total guess vs expert response, but I don't think you probably gain much if anything by doing a cost seg on a single family house with long term renter. 

Notify them that they need to clean up after the dog within 15 minutes, every single time.

He shared with me that per bedroom rent was 3200 dollars for a single occupant room, and over 4000 for a double occupant room.