I live in Auburn Alabama and the market here is pretty crazy so I have been looking at surrounding cities like Montgomery and Birmingham that are bigger and more affordable.I know that the typical down payment someone’s needs for commercial is 25% so short of me getting seller financing, or a partner, or some other creative finance path my purchase power leads me towards properties that are typically in lower income areas- at least for the ones I’ve spotted. (200K ish) I’ve listened to pretty much every podcast multiple times and often hear people saying that when they begin they focus more on cash flow and as they grow they look more towards appreciation opportunities.

I'm not an MFR guy (as there just isn't as solid a B/B+ market for those in Birmingham) but I'd still wonder why they both warrant 12.5%, unless this is based on historical figures from the current owner.

Birmingham is also a very newbie friendly market I've found as I've tried to leave Birmingham for other markets.2.

@Brittany ThompsonAdd me to your list for birmingham.

I am working as IT guy in Birmingham AL.

I am interested in investing in the Birmingham and Huntsville, AL markets.  

Well I really don’t know much like I said I’m new to this..bt I live in Birmingham and I understand this is very complicated here bt the earnings procedure I was referring to was when somebody wants to buy the property I have the deed for, what are the steps in doing that 

Hey BP, If anyone in or around the Birmingham, AL market that has or knows anyone selling a small multifamily (2-4) unit.

The below link is from the city of Birmingham.

I have a rental property in Birmingham that I need to get sold.