You could take your $100k at 4% from the bank and hypothecate it and invest it in a performing note and get 10% - and do not have to deal with tenants, toilets and termites etc.

Are you familiar with hotel operations and how to evaluate financial performance? 

I love this site and I'm addicted to the biggerpockets videos on youtube.

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. 

A full park at $350 rent with a 50% expense ratio at an 8% cap rate ($350*12 = $4,200 * 6.5 [12.5x * 50%] = ~$26k per site).

I wasnt aware of the nationwide site.

The winter is coming and will make finding a tenant a bit harder so should I use that time to perform my rehab?

Also one thing to do is set alerts on valleymls.com (local realty site in the Tennesse Valley)  That way if something that you are interest in comes on the market it will alert you directly.Lastly do you know of any wholesalers in the area? 

Great that you joined the site! 

The only expense you do not use is your mortgage payment (principle and interest), because we are looking to see how well the property would perform if you buy it "all cash".