I'm not a flipper, but I wouldn't imagine that's a high enough profit margin for that big of a price tag.

@Neel Jain, yeah, I have about 7 properties I have identified that could work but being an out of state investor I want to make sure I have margins.

Its a good deal for us either way, but of course, want a higher profit margin.  

Is multi family real estate investment in Birmingham area a good investment.Yes, Birmingham performs similarly if not better than many markets using many metrics, such as cap rate - cash on cash return and has solid ROI.Birmingham also has a lower margin of entry Cash wise to most other markets. 

That's a ballpark, obviously since expense margins can be higher or lower depending on the park and most parks aren't 100% occupiedStill typically requires a calculator, but like Bill said, it's pretty quick. 

Do your numbers include: vacancies, repairs, make readies, prop mgt, good insurance, etc..That is a small margin and will probably be negative once all costs are taken into account.

Huge profit margin on this deal.

Is there room in the margin for error? 

I imagine the margins are thinner, they take really great processes to stay in the black, and you really need to know what you're doing.I'm looking at a Missouri town, everyone I talk to there says there's a rental shortage. 

Last problem you have is that margins are really good on real estate.