From my understanding, Alabama changed the tax sale system in 2020, and most counties now only do Tax Lien auctions.

There are fewer regulatory and tax implications compared to short-term rentals.Short-Term Rental: Can provide higher income but requires more active management, marketing, and maintenance.

I purchased a tax certificate for a property that sold to the state of Alabama in 2019.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Feel free to share your experiences and insights as I am eager to hear from those actively involved in the market.

If you're curious about learning about hard money feel free to DM me.

Look into low income housing tax credits: https://www.huduser.gov/portal/datasets/lihtc.html

Currently, the rental income would not cover the mortgage payments, but I'm considering refinancing if interest rates decrease (possibly conventional to free up VA entitlement) as well as adding a fifth bedroom to increase rental income.My Plans: I intend to retain the NC property due to a stable tenant with a recently renewed year-long lease.

This is totally free, and NO PITCHING at all. 

Our Playlist Beta Membership gives you access to the following: 🔐Unlimited audiobook downloads of 37+ real estate investing and business books🔐Unlimited ad-free podcasts including Real Estate, On The Market, Money, Rookie Business, and DailyI'm sorry for the confusion and would be happy to clear up any more questions!