I want to buy my first single family rental property in Alabama.

Detroit's change efforts offer single-family and multifamily buys.

Hello All, I am under contract to buy a duplex via a wholesale deal and have already given the earnest money deposit.

Investment Info:Large multi-family (5+ units) buy & hold investment.

@Ben T. let's reverse this and ask, "if you were buying this property to live in it with your family, what would you want?"

Initially my draw to investment real estate was buy and holds to build a legacy for our children (one of our kiddos will need finances covered for him beyond my husband’s and my life.

I wouldn't be so broad with your criteria. if I was looking in Texas it would be Dallas, Houston, Austin. top 3 markets. in florida we do miami, in ohio we do columbus. those are the #1 net migration cities and we focus in the urban core where migrations tend to be for younger population who have the purchasing power to rent or buy. 

My original plan was to update and flip it , pay off the heloc and use the profits toward buying my first rental.

But a good piece of land for an STR should be gone, so you would be buying land you think is good, but might not be.

Other family will typically step in and help you out.If you've got the money to buy, just find an older adult in your family, and make the pitch, "Hey, I'm looking to invest in real estate...