I am looking to pay cash on distressed properties and to do the BRRRR method.I have a team in place but would be very interested in connecting with fellow investors, contractors, lenders, pretty much anyone who touches Birmingham real estate.Thanks so much, John

LTRs are hard to cash flow right now.

As long as it will pass an appraisal and not be "Subject to" major issues you can get a renovation or personal loan for work.Unless you are cash fluid and can add some cash back into the property and then pull back out on the ARV refinance.

My ultimate goal is to have $10k net cash per month from my long term rentals.

I purchased the home from an auction.Talk to a local real estate attorney to go over options (eviction, cash for keys, etc) 

Thanks in advance for the help.Jack

Its a limited doc program  my suggestion is to close the land cash and refinance into multiple loan options and negotiate with at least 5 lenders and talk about terms. you may not even be qualified.

Purchase price: $370,000 Cash invested: $55,500 Fun little duplex!

But it can be done and whether you'd do it, where, what kind of properties you'd buy, ... will depend on your objectives, financial resources, knowledge, connections, ...Also, opportunities can be very different from country to country and within the same country, as it is within the US.Financing could be different, when available, but a 100% cash investment can be more profitable than in the US, especially given the high interest rates.My best advice is to be clear about your objectives and narrow down your options.

You obviously have savings in real cash flow right there you can save or invest.