Bham was good to start to buying rentals for beginning investors.Now, Huntsville may have been smaller in terms of population back then, but things have drastically changed.

I’ve heard the term not fully aware of its real life application .

., long-term and short-term rentals, notes, BRRRs, etc.), or did you mean diversify types of notes (e.g., performing, non-performing, CFD's, short-term, long-term, etc.)? 

We also beautified the exterior, fixed the roof, have now rented the bottom unit to a medium term tenant as Albany Medical Center is a 5 minute walk away.

For those in the highest tier (or know about it), can you give a general description/example of how the process goes in terms of if you have to fill out a lot of forms in order to invest in properties (and if so approximately how many) and what amount of time you spend a week on your investments?

Don't waiver in your terms.

Your risks in terms of a tenants is more spread-out.

I tell him I want my money back per our contract terms.

I am exploring various markets to invest in for long term buy and hold rentals.

Should be able to reduce the rate or similar terms but with less down.