@Daniel M Gibson sticking to fundamentals and your "gut" is always the best course.Unlike 99% of the investors on this site, my take is that investing for cash flow is a bad idea...it creates a jaundiced view of how things work...meaning that investing is about controlling assets as wisely as possible...not immediate cash flow.I use seller carried loans routinely because I'm in for the long haul (and I don't need rental income to survive)...as long as the purchase price makes sense, I could care less about income...the concept is debt paydown and future equity.

@James Wise - it is on Woburn (northern half of OB) in the 4000s block if that helps. 

To those who are using the BP Contracts for their rentals... do you know if it would be wise to use it to rent out a ROOM in a house?

Otherwise, I think you're wise to measure the return on investment associated with renovating your units.

As I get older, I'm starting to wonder if that's a wise way to go.  

Would it be wise to do so?

It seems wise to diversity though instead of owning one house, what not own two!

I'm a new REI but there was mold in my first real investment property and I saw first hand how it can escalate price wise quickly.

If you re-side it is penny wise & pound foolish to not replace the windows at the same time because the install is easier and results more weathertight due to using a flange vs cutting it off for retrofit.

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.