For my very first rental property the very first application I got had income which is 4.7 times rent. rent is $2550 and income $12k out of which $3kis child support.  

Birmingham is a great market for real estate investment right now—it offers solid rent-to-price ratios, affordable home prices, and consistent rental demand.If you’re thinking about investing in Birmingham, I can provide some helpful data and share insights about neighborhoods that align with your goals.

First, it could help you qualify as a real estate professional, which allows for greater tax deductions on your real estate activities.

This structure can provide liability protection and potential tax benefits.Consult with a Lawyer: A real estate attorney can help you form the entity and ensure it's set up correctly for property ownership and management.2.

I want to catch them at the right time.   

I am a first time home buyer looking to purchase a home/multi-family property.

Hi All,I have just started  a career transition and excited to be getting into the real estate industry.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.

You need to make sure take extra time vetting the tenant.

Once you pay out that finders fee a few times you will have a team always looking for deals.