I'm not a realtor, so it's definitely possible that I didn't get the "specific terminology" correct.

If I understand correctly you don't necessarily have the time to learn Facebook ads.

The author has had a storied path through real estate and has a lot of insight and strategies to offer based on their experience. 

If the deals are structured correctly you can often get a much lower down payment as well as interest throughout the term of the loan.

And if the profit is as small as you said, if correct, I would skip the 1031, and pay the taxes.

This is the first Fannie Mae financing.The RatiosI am wanting to build a fourplex and then refinance to own as an investor and even own one as owner occupied.If I understand it correctly - it works like this....1) New fourplex monthly income and expenses projected by appraiser Rents of $1500 each unit Taxes at $1060.00 Insurance at $120.002) My gross monyhly before tax income $8500Less my debts (credit cards, loans, cars etc) for first level.

You can login as often as you want and see the open corrections.

I’m also a bit worried about a market correction (and spending $700k on a fixer upper and finding myself in the middle of a correction!)

Birmingham has good value adds, as well as the other cities you mentioned if you invest for the correct usage of the property & your goals. 

I'll share some knowledge with you to get you on the right path.