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.

Most realtors will want a firm commitment in the form of an exclusive buyer's agreement.

To thrive in real estate investing, you must maintain a firm grip on your finances.

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.

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

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

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

As far as renting, I'd say find a good neighborhood and do good tenant screening. 

The key is understanding the nuances of the program and making sure your property aligns with their inspection standards.In Detroit specifically, Section 8 tends to work best in C and C+ neighborhoods.

To thrive in real estate investing, you must maintain a firm grip on your finances.