Me and my girlfriend recently moved into a home we are renting along with another couple in the separate basement unit.

They are both good; personal preference.  

I bought one in Pinal county a couple of years ago and earned the full 16% interest  (1.33% each month) for 14 months.

If you ask me, I would much rather prefer investing in my local markets or at least somewhere I can drive to.

I like the West Mobile area, its class A area, you can definitely find deals there, 3 bedroom with 2 bathroom for around 220k or so, you may have to wait a couple of years for positive cash flow but properties there increasing in values better than others.

I would have to see minimum last 36mnths financials and would prefer 60.

You could spread that 80K over a couple deals down there.

A couple options… 1) Coast as is until March for better selling season, more buyers, higher price. 2) Raise the rent at least half way to market.

Find a realtor that preferably has some investment experience that you get along well with and keep an eye out on sites such as realtor, craigslist, etc.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).