It's a nice benefit while you live there, but it shouldn't be the deciding factor in what you do next...it can play a part in the discussion, but the much greater benefit is your ability to sell tax free on your personal residence with a 121 exclusion. 

Look more as a retirement play .

@Abigail Rodriguez There's a handful of Philadelphia based "Gurus" who collect  mentorship fees from new investors and feed off the exact rhetoric you just wrote.

If you don’t mind me asking Job growth and stabilityLimited land to hold value Tourism and revenue incomes streams as a city to gain exposureMilitary bases nearbyResort town/ beach town Commercial businesses coming into the area Tons of gentrification in the area with new construction 

@Allison Zittritsch whether STR, MTR or LTR, you'll first need to figure out a target purchase price and get pre-approved by a lender.Then you'll need to research where to buy, based upon rents versus purchase prices.We can assist with referrals, PM us.

Instead of posting a question and waiting hours for Bruce to respond, you can ask AI and it will tell you what Bruce will say based on previous answers!

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

This amount is not refundable and would be based on good credit (% would increase for credit below 730).

I would like to find a lender who can approve me based on the property and what it will bring in monthly as a rental rather than on my personal finance and credit. 

Montgomery has a great rental market. 1)The last numbers I saw showed 47% of homes here are rentals. 2)That is due to a strong federal job market with federal courthouses, Maxwell and Gunter air force bases. 3)Lots of state jobs, about 10 colleges and universities, tourism, 3 major hospitals, 4)a Hyundai manufacturing plant, and Amazon is building a distribution warehouse.5) Low property taxes.6) Population growth.7) Landlord friendly state.8) We can typically hit the 1% rule on rent to price ratioFrom Wikipedia, Alabama has the second lowest property taxes behind Hawaii.2.