Hey I am fairly new to the real estate investing game and want to see if anyone has a REI meet up or zoom meeting going for the Birmingham, Al area?  

I live in California, having moved here during the pandemic to take care of my 91 year old mother, but I still own a fair bit of property there.

To me, I think this is probably fairly rare to actually get someone kicked out of the program.

I have family in construction who have looked at it and feel it has fairly solid bones and I like the location and think it's on the way up.

For my calculation, I've assumed $1200/yr utility paymentsSeller is asking for $5,25k, but according to my calculating a fair price at 7.5% cap rate woud be $4,80k.What do you guys think?

@Anna Antipkina fair game as far as I know!

Fair Market Value is not a point, it is a range.

It seems these can be constructed fairly easily for around 6-8K.

But OP is asking about a 6-unit which, to be fair, there are some residential "DSCR loans" that will dabble in the 5-10 unit space, so maybe it's out there, I can't speak to that.

I'm considering out of state investing, since DC is a fairly pricey market.