This would give me an edge in investing in townhomes/condos, but I'm having difficulty finding condo investing resources. 

Since moving into another fixer-upper isn’t ideal right now, consider leveraging your $40K for a low-money-down investment, like house hacking a small multifamily or using creative financing (seller financing, subject-to, or partnerships) to avoid tying up all your capital.

Quote from @Kareem Hammad: Hey guys, Im looking for information about investing in the Birmingham area.

I am new to investing, but have been researching/dreaming of it for years. 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

I started investing in RE when I was 26.

Would you mind sharing what spaces you've invested in AZ? 

No matter what strategy you choose, you could choose to offset some of your active investing income with passive RE investing through Syndications or private money lending.

I am looking to add a 2nd investment property to my portfolio but I have no cash to do so.

If the property can service the debt at 90% leverage between a senior 1st and the seller second, you're looking at a good investment!