We are coming down to get a feel for some neighborhoods we've been looking at moving too and don't really have too much planned so I thought it would be a great time to connect with some lenders, investors, contractors, and liked mind individuals while I'm there!

Obviously the numbers need to make sense but I am all in favor of trying to purchase properties in more A class area with the loan since there will only be very few times you can buy multifamily in these neighborhoods with as little money out of pocket.

What neighborhoods / areas of Charlotte and RD do you like?

I've personally driven this neighborhood and was amazed at how nice and clean it is.

Analyzing the neighborhood and the asset condition is the key to projecting accurate returns. 

For C/C- neighborhoods you usually need to scale to 10+ doors; it's a numbers game. 

This means understanding the neighborhoods, pricing trends, and what buyers are looking for.

We would love to connect with investors, as well as investor-friendly realtors and property managers in the northern Alabama region.Any insights into the local market or recommendations for neighborhoods to explore further would be greatly appreciated.

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.