I buy in OKC and Birmingham for rentals.

Things like excessive dining out, bad habits, subscriptions, or impulse purchases and showing how redirecting those funds can lead to meaningful progress toward buying property.

I am under contract to buy and flip a house that I am paying $615K for. 

These days I can't buy a lot for $40-50k.

If you buy a very large (many bedroom house) the rent by the room also will cashflow.

The real value is on the buy side. 

Hello Solomon,A few tips I have for you would be to first; Analyze Deals Properly – Use the 1% rule (monthly rent ≥ 1% of purchase price) and calculate cap rate, cash flow, and ROI before buying. 

My next goal is to implement the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, specifically in Birmingham, AL, and focus on Section 8 properties.With relatively good rehabs, I’m not looking to be a "slumlord"—I want to provide quality housing for tenants while also ensuring my investment is successful.I’ve heard mixed reviews about Section 8 tenants, but I’m eager to learn more.

Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!

@Camille Romero I would not buy a property in a city with a declining population.