Perhaps these tools/sites may help....http://www.zilpy.com/US/Alabama/Jefferson_County/Birmingham/…

http://www.zilpy.com/US/Alabama/Jefferson_County/Birmingham/

http://www.rentometer.com/

Good luck, Dunes

There are more apartments for sale now than ever before (or boarded up). Sometimes the cheapest price is not the best deal. Check with the police department about the crime rates in those areas before investing. But now is a great time to buy investment property.

I have an apartment complex that has 3 units that are rented and have been for 6 months with no lates. It does qualify for section 8 but none of the renters are on section 8. Priced at 59900 but would look at an offer. My seller also have several other properties that he is willing to sell as a package deal. Give me a call so we can discuss this if you are interested.

Christi Cornwell
382-0629

There will be many factors to determine which areas will be the best investment for you. I am a realtor and an investor with rental properties in some of the areas you have listed. Contact me if you would like to discuss your objectives and strategies for investing in these types of homes.

Every area has a lot of rental properties and it depends on what your risk/reward that you are looking for. 35215 is Center Point and the area has a lot of bigger homes being sold at great value and I think is a great area to invest in. You can find properties from 30k-75k in this area. The price range on those would be buying a foreclosure and putting some money into it and then getting a renter. The 35208 and 35218 zip code is Ensley and you can purchase homes from 7k-40k in this area. The 35206 zip is Eastlake and you can find properties from 10k to 40k. The 35211 area is West End and College Park area. You can find properties from 5k to 35k.

All of the price ranges are for homes that you would need to put some money into them to get them rental ready.

There are some turn hey homes out there that are more expensive and you will pay a premium for them. If a renter is already in the home and the home is "liveable" you would be looking at rentals turn key at 30k plus and mainly in the mid40s-mid 60s that will cash flow.

Hope that helps. Good Luck!