The answer to this question is rather subjective, but there are a few items that you might want to consider as you decide whether or not renting out property is right for you. These include the following: restrictions on security deposits and pet rent, required disclosures, the scope of tenants' rights, how challenging an eviction might be, and, of course, the amount of property taxes. That said, Alabama is home to colleges like Auburn University, the University of Alabama, and Samford University in addition to tourist attractions like US Space and Rocket Center, Birmingham Civil Rights Institute, and the USS Alabama Battleship Memorial Park, so you shouldn't experience any shortage of short- or long-term visitors and tenants if you're close to them.