Savan cool well it is good to start and when it is the first deal it is wiser to be cautious and not over extend one self on the payment and rehab costs.

I'd like them to be responsible for any upkeep there might be.

Best bet is to go talk with some local banks and commercial lenders bc most likely that's not gonna fly on any kind of conventional loan.

My degree is aerospace engineering so Hunstville, AL has been very interesting to me as well for not only work but also real estate but while I might not be tied down to where I live now its also not as simple as just packing up and moving.

This seems like your first one.

The tenant is less likely to trash a place or violate the lease if you hold a large chunk of money. 

Apps like TenantCloud will publish your listing on dozens of platforms with the click of a button.

I also know that if I manage the project well, it will come in near the original estimate and at worst between the original and the high estimate.

If anyone would like to connect let me know!

I want to try to be able to BRRRR this as well.