We won't be seeing condos sell for you original listing for another 5-years...Right now, duplexes on this block are not even reaching $200k...why would I buy one side of a condo when I can get an entire duplex for the same price?...

Section 8 can be a pain in the rear but currently pay higher rents.

@Andy SchwadererOh wow I feel your pain.

So we do our own repairs which is a pain specially with these houses being so old.   

What appears to be water damage to the foundation can be caused by water intrusion at the roof that travels through the walls into the foundation (typically in block foundations).

Deeding a property into an LLC after you close is a major pain with a lot of complications.

I'll second @Chad Lopes regarding hiring a PM, since managing a rental from another state can be tricky for even experienced investors.I wrote a post a while back about the zip codes we like for our B/B+ (and sometimes A if we can score a deal) investments, so perhaps that would be helpful to you:  https://www.biggerpockets.com/forums/311/topics/22…As with most markets, Bham can change block to block, so it behooves you to visit the market and meet the people you'd be working with (whether turnkey or a self-assembled team of agent, contractor, PM etc) face to face.

I don't want older houses, because I've had a lot of repairs or replacements on my older properties, and we have already been around that block. 

You could have a couple blocks of good neighborhood, then several blocks of not-so-good neighborhood.  

I started with a SFH and when it was vacant, or I had someone not paying rent, I felt the pain.