However they can be found with time, patience and the ability to move fast.Depending on what your goals are, don't be afraid to change locations or strategies. 

Colliers have recently reported 7% rent growth and there are some major employers moving to the area.

Prepare to sell in (nearly) 3 years for tax free growth. 

Are you looking for cash flow or max growth?

Make sure you tell the contractor you are doing a 203k loan, they have to be approved or have the ability to get approved. 

Document facts that establish the fair rental value of the property and submit to the non-seller a bill for half the rental value for a year from the time you acquired the seller's interest.   

But I will say, although its difficult its certainly obtainable my friend, just takes some time, focus, determination, and the ability to analyze deals and be creative.

AL has a lot of growth opportunities but, just like every market, it varies street by street. 

No one is clairvoyant, but the Miami metro area has one of the nation's highest growth percentages, one of the strongest rental markets, and the elevation raises quite quickly as you move inland, compared to other coastal communities in FL.

Obviously it is code to have the ability to escape both bedrooms in the event of fire, but could this be mitigated by a sprinkler system or is this effectively a 6 unit apartment building?