As baby boomers are retiring, the demand will be high

Take the cash proceeds and use a stepping stone to a nice rental in a nice area of town where there is high demand for quality rentals

In my most desperate times, I would have never done a deal with a lender/partner for less than 50/50 profit split.

Medial types by salary range will usually be increase demand for properties in this area in a price range of 100 to 150, many more support folks than doctors moving into higher priced homes.

There's not enough volume in Birmingham which is why it's time to expand to other markets my groups demand.

For example, NY appreciates every year because their is finite supply and the demand is ever increasing (although I don't invest there because that can't be sustainable at some point!)

One more thing that I can't stress enough, the 70% rule is a guideline not a rule, and it will vary a lot based on the value of a property.So on lower priced homes you may have to get 65%, where as on higher priced homes you can make a nice profit from 75%.The same goes with demand, if your in an area that has a lot of competition to buy distressed homes, you may die waiting to get a deal at 70%, and you should expect to pay a bit more than what the 70% rule says.

From a buyer's perspective, I do have to agree with a few other comments about the lack of garage space (are 4 bedrooms in demand in this area?)

Deal like this need to be win win unless he's desperate.

As an owner of property management businesses, what kind property do you have demand for and in what areas?