Start with BiggerPockets Ultimate Beginners Guide (free).

Your numbers and your realtor's numbers are obviously more hopeful than realistic based on the evidence.You are either buying in too high or spending too much on reno.

So, you want to lock things up that are on the open market that anyone can buy, then sell them to someone else who could have bought the same property on the market, at a higher price than you paid for it?

When you compare rental prices to actual home prices, or your acquisition cost buying the property to the rental income produced, you'll usually find the ROI higher in Albuquerque.

I am planning to buy rental property in Birmingham AL.  

Investment Info:Single-family residence buy & hold investment.

I mean I could buy 10-12. 

I buy low end properties and turn them into middle income/working class rentals.

Hi,I am planning to buy my first rental property and looking at Harvest, AL.

For a buy-and-hold strategy, make necessary repairs and updates and either renegotiate rent with current tenants or find new ones.No T12, as this was left to the current owner by his brother, who passed away."