Yes, that’s what I’ve been seeing when looking for BRRRR here in FL, but there are still opportunities for Flipping.Another market I’d be interested in is Georgia (Atlanta, mainly).

I just thought maybe this would be my opportunity to get a rental.

To your point though, there are plenty of opportunities in Birmingham to invest. 

No, this is not an unusual or unique opportunity, you just need to know what you're doing - like with any area of real estate investing - and you MUST know your real numbers.Good luck to you!

@Chace Fraser I think you're on the right path, and I feel like the ROI on a pint hanging with like minded individuals is going to prove valuable, so my hunch is that Scott and Mindy would be for it! 

Different people possess a different set of skills and opportunity will not smile equally on everyone, certainly not at the same time.

It's a nice house and has a lot of valuable art in it, so we want to make sure that whoever we rent it out to is responsible and respectful.

Population growth, job opportunities, current business that are in the town and then businesses that aren't in the town but are in towns that have similar demographics and populations that also do well that could be potential places that would lease commercial spots if someone were to develop it.

I've had success, and have also been burned on properties that reach this so-called 2% thing - which really is not a rule (the 1% rule isn't a "rule"), it's just one of many metrics used to evaluate an opportunity and the performance of an investment.  

We have indentified management as a huge opportunity and a reason for its lower than market-rate valuation.