If you run into an issue with that you may either need to sell it or refinance it into an LLC with a portfolio lender... but you may run into no issue at all.

My usual approach is to find 3/1 or 3/2 single family houses in a good school district, but my budget will be rather low for this move since my family is staying in OH and we'll be running two households. 

Hello,I'm running into an issue with getting my wife as excited about this as I am.

Since it's a rental (and the numbers won't work very well for a flip as they stand) you will want to run the numbers as if you were going to wholesale to a buy & hold investor.What is the rental income for the property? 

hello all,I'm from southeast iowa and I was hoping to run some numbers in front of all the investors on BP!

But in the long run, the peace of mind with a 30 will let me sleep at night.

He gets back to me with a "discounted" bid from his internal architect and engineer of $2 sqft to get everything done.

You have to be good at:Marketing to find deals, which usually takes money.Knowing how to run comps accurately, which requires MLS access, skill and experience.Knowing how to estimate construction costs accurately - which is a skill that takes a lot of learning.Knowing how to negotiate with sellers.

Now, since I run a turnkey company in Birmingham, I may be biased, but I absolutely think AL is a great market to invest in.

I am a Pittsburgh native and recent engineering grad from Carnegie Mellon.