We are buying in Alabama and live in California.We are going to postpone getting an LLC until we get a few more properties. 

I have some questions about Bham investing.I dig your contribution to a Birmingham AL thread and then I read your profile and your goal is the same as my goal: 50 units in 8 years grossing $150k passive).I am going to Bham next month and I am going to explore the investment options there.

Thanks Al Siy!

How do I find an accurate cap rate for a particular area?

Looking to buy a property in Gulf Shores, AL to turn into a STRWanted to see if anyone has had any luck on a property like this in Gulf Shores.Thx

Our rental is in Alabama but a lot of the midwest can still cash flow.

@Asal Al Your lender Can write a cancellation/denial letter stating you do not qualify due to recent unemployment.

Having thought this over, are you sure you need to proceed with the over-the-top cleaning, duct replacement et. al....?

I use Subject To in Seattle, WA Phoenix AZ, Austin TX and I’d feel comfortable using it in Columbus OH, Indianapolis IN Huntsville AL and other areas of the mid west and south.

Best of luck Exactly these areas of Detroit Cleveland et al are all D class .. out of area investors get their clocks cleaned every day of the week.. its only the locals that can make this work full stop.