As we went through the process of purchasing the home, we realized we had the opportunity to turn it into a buy and hold rental.

Lance - I've have contractors take down popcorn ceilings in a few single family homes that were built in the 1950's, but I haven't had anyone say that they might have contained asbestos.

I have a property that has been on the market for over three months now without receiving a qualified tenant and I may want to sell it to get some liquidity.It has also been hard to receive monthly profit for myself since my property management has a portfolio minimum of $2k until they allow me to take home proceeds at the end of the month.

May 2024 data showed an 11.9% year-over-year increase in median sale prices for single-family homes.

I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

Your team and Alvin helped many of my friends, you guys are awesome  at least out our way its common for the builder to finance the spec home as banks wont loan to the owner . 

It was initially a single family home that was renovated and turned into a co-living multifamily asset.

No production home is built well.

You are looking to see if they are maintaining the home like a normal person or if they are abusing or neglecting the rental.

You either need to become an expert and do SEO yourself or hire an agency that has a complete plan and roadmap for getting you to a place where organic motivated leads are flowing to your site at a rate where you are taking down profitable deals each monthMike Plactere of We Buy Long Island Homes Fast is a perfect case study of someone who used this approach and is dominating his market.