Also the condos in Rivertown/Gold Coast.Im going to fly out for a week to get a sense of the town...any thoughts about the different neighborhoods would really help in giving me some direction.

Most of mine are referrals from current bird dogs.

Basically, a self directed IRA enables you to choose the investment type and the only investments you may not invest in with your IRA are insurance policies and collectibles (although some government issued gold bullion, etc are now approved).In 1974 ERISA (Employee Retirement Income Security Act) stated that you may invest your retirement funds in any vehicle you choose with the exclusion of teh two forementioned.

Alexander, the free way is to figure out which newspapers publish the legal notices for probates in your area of interest and then mine that data on a regular basis.

I let a husband and wife (she's an acquaintance of mine) move into a SFH without paying the deposit.

I also know a builder who is a friend of mine that has 50 contracts wth them.

I have heard good things about Birmingham and think that you might be sitting in a gold mine :)GL and enjoy the site.

Mine says this sort of thing is the tenants responsibility but I will hire someone to do it if they don't, and then bill them for it.

In my opinion its best to have an influx of sfhs and multi's.Yes in the midwest rust belt states you can find these homes dirt cheap and some are money pits but on the other hand some are cash cows and u ge them at great prices but what im also finding is that if you're wholesaling them some are hard to get rid of.I say you really have to have a good team either way it go though.Never buy sight unseen thats for sure,I have a friend of mines that has a 6 unit that he paid 1k for in Dayton Ohio right now and unloading it for 6k so these deals are readily available,also take in mind these are alot of areas where arson in pretty rampant.But theres risks in every deal u make,no deal will be foul proof.Dont get scared of talk to other investors,Theres some investors making boat loads of money off of these same properties in the hood where the suit and tie guys wont even get down and look at.For the same price you get these sfhs at you can get multis at the same price period.

I just checked mine and it's for fire, liability, and sewer.