That has been talked about forever.While I mention that I would agree Springfield, west Alexandria and Annandale are ripe for a huge boom as on the Virginia side it’s the one area that does not have great metro access so the cost of housing is considerably less than abutting downtown Alexandria / Alexandria-FFX county and falls church.

Market-Specific Considerations: Are there any specific neighborhoods in Birmingham that you would recommend for a BRRRR strategy?

You can't use a 4' wide hallway as a bedroom, even if it meets all the other requirements.Two means of egress: Occupants need to methods of escaping, typically a doorway and a window.Minimum ceiling height: You need at least 7' of head space.

Selling the property, while a difficult decision, may need consideration based on the financial implications of maintaining it under the increased insurance cost.

East side suburbs like Euclid, S Euclid, Cleveland Heights and Garfield Heights are great as are the west side suburbs like Parma, Parma Heights, Lakewood and Berea.

As Russel noted, this is all considerably due to the dollar losing its value—aka, this Country likes to print money!

Defendants also spent considerable funds on luxury travel and vacations, including least $4.6 million on chartering private jets and luxury car services, at least $183,871 on hotels and resorts (including $15,404 to Norwegian Cruise Line, $12,750 to Access Italy, an Italian travel company, and $8,738 to Expedia.com).

Holding onto a property merely for tax considerations is a dangerous gamble.

As a 27yr appraiser I'll add just a little more general clarification of the valuation consideration/s you have. 

The ceiling height might not be high enough.