Just yesterday, I quoted a rate on a 4 unit in Alabama for a borrower who has about a 780 score.  

I’m looking in Alabama.

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.

If home is free and clear and the owner doesn't want to do a L/O, would it be a wrap?

I think you've got it about right, @Al Yousef.

A friend suggested that I look into Alabama due to its affordability, steady job growth, and tax incentives.

Is anyone on BP doing vacation rentals in Huntsville, Alabama?

Projects:90-125k purchase price - ARV 225-250k+ (Tennessee/Alabama/Georgia markets). 

(Google et al) Quick Wordpress site that says what you do, who you are, where you operate, and "submit your email here to get on our list" type of thing.If I were in this position I would join as many local (virtual) meetups as possible and attend all of them.

Short-term rentals thrive in areas such as Destin, Santa Rosa, and Pensacola, due to their pristine beaches and how near they are for wealthy C-Suite executives living in and around Mobile, Birmingham, AL, as well Atlanta GA.