Birmingham Turnkey Rentals

[Sean Rotbart]

I'm looking at buying some property in the Bellview Heights area from a turnkey provider/investor. I've been to Birmingham several times in the last few years, but never to scout the city for property (visiting UAB Hospital). I'm curious if any local investors would consider $72-85K a reasonable price for a house that's been fully rehabbed (new electrical, roof, flooring, all cosmetics) and have section 8 tenants? I'm looking at buying 3-4 properties from the seller, and my numbers look good - 15% COC ROI and 8% CAP rate. Just wondering if I should be considering anything else to make sure this is a good deal.