Some have flat rates, some have percentages, eviction coverage, etc. 

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

It depends on the absorption rate in your area right now.

It would take 1.5 years to recoup your 10K at that rate.

Interest income from lending is taxed at your ordinary income rate.

Home prices / room rental rates ratios look good for a college town when applying the FHA Kiddie Condo Loan product with a house-hack scenario.

If you did find a lender you should expect a 13-15% rate, and honestly that's probably not high enough.

Occupancy is low, tons of bad ratings, listings not very impressive.

Google ratings and scheduling a consultation is always best and choose an attorney that way . preferably in the area that the properties are located in . 

With borrowing rates as high as they are, it could be difficult to maximize income by 1031 exchanging into a rental that is both (a) financed, and (b) in an urban area where prices may still be close to 2023 peaks.