One of my guys closed his first deal last month. $78K property in Birmingham, pulling $1,310 a month Section 8 rent.
But before we got there, he was ready to buy in a different market entirely. He'd been researching it for six months. Felt good. Market looked solid.
Then we dug into the actual landlord-tenant laws, recent court rulings, and regulatory shifts in that state. Turns out the eviction process had changed twice in two years. Tenant protections just got stronger. It would've cost him an extra 45 days and maybe $3K more if he ever needed to move a problem tenant out.
He pivoted. Landed in Birmingham instead. Smoother process. Better protections for landlords. Same returns, way less legal risk.
The reason I caught that? I have to know this stuff as a licensed realtor. Most gurus don't. They sell you the deal without knowing the actual legal landscape.
If you're in research mode right now, this matters. A lot.
Question for you guys, which states are you looking at, and have you actually reviewed the eviction laws and recent tenant protection changes in those places?
Let me know and I'll hop in the comments and help you guys out 🙂