The market in North Alabama has gotten very hot and "deals" are not as often popular as they were months ago!

HOWEVER, over the 21 years as a buy and hold, self-managed Investment Property portfolio owner, it's an incredibly acceptable job for me!

I have recently acquired a piece of property in a very popular part of the city that is well on the rise.

The most popular markets are ClevelandToledoMemphisBirminghamKCIndyDetroitEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

Unfortunately their solution is having an incredibly high Units:PM ratio and you get terrible service.Solution:  Have a minimum monthly rate in case rents are low. 

@David Woz there's a name for this and it is becoming increasingly popular in some areas.

In my opinion, solely depending on appreciation in a market is incredibly dangerous and not smart investing.

Our idea at this point is this: it’s okay if a given investment doesn’t provide incredible immediate cash flow only as long as it will once repairs have been made and rents go up to a fair rate for both parties.

Yes, I will be purchasing more rentals, taking advantage of how popular short term rentals are here in Fort Lauderdale at the moment! 

If one of you more experienced people could fill me in on the possibilities associated with this deal, I’d be incredible grateful.