There are many options available still, but 2-4 unit properties are easier to stabilize and obtain financing for right now. 

The rent by room was managed by a company which I no more trust and started exploring other options 

From my research thus far, it sounds like it it's the right option.

@Emre Dura you may want to connect with @Drew Sygit to discuss this in further detail after reading below...All foreign investors owning U.S. rental property are responsible for paying taxes on any and all rental income they earn in the U.S. regardless of any tax treaties that may exist.Since some of the regulations and requirements can be confusing, Logical Property Management (LPM) has created this document to summarize the options for a foreign investor.

I like the sound of option 2 but the risk profile of option 1.

Refinancing is always an option but don’t want to be timing the market.

Non-residential properties have a few extra options compared to residential properties.However, before looking at the accelerated depreciation (100% bonus is a form of it), you need to figure out if you will be able to take these losses.

I heard about Houzeo it might be a good option, but you have to evaluate what you pay and what you get.

Hey @Eric StugartCongrats on wanting to start your investment journey in Birmingham, are you open to exploring Florence or the Shoals area? 

You might also want to explore Rentvine and Buildium, in addition to Appfolio.