I’m so exited abt this website and all it has to offer.

For things like property taxes and insurance I took it from either the county website or a mortgage calculator.It is also worth noting that this would be for a commercial loan (e.g. 5-year balloon loan), but the amortization would likely be 30 years. 

Difficult to generate positive cash flow at that cost.

Hi @Andre Osborn you can always use the BiggerPockets calculators via the website or if you're on the go, I use the DealCheck app on my phone for quick analysis.

Driving into this website, I saw, what I thought, was an abandoned 8 unit apartment complex close to my area; (close to Birmingham, Alabama; specifically Jasper, Alabama)I drove to the site and discovered that every unit was occupied.

(Websites, RE agents, etc?)

Glad you joined the best real estate investing website!

Glad you joined the best real estate investing website!

If so, can someone please point me in the direction of a website that will show you areas zoned against renters?

The back-up plan is to simply flip the property and take the cash out now for the next project.The Project (2 unit Multi-Family):Acquisition/rehabLand Acquisition:     275k (I'd use my cash to buy)Hard Money Loan:  100k (I might use my home equity line at 4% APR over 20)ARV:                           465k (This is my best assumption based on other comps)Refinance:                348,650Cash out:                  26,250Income:Rent:                         1800x2 (This is conservative)Capex/Maint.          300x2Expenses:                400 (water/trash/electric/sewage/insurance)Using these numbers the property looks like it generates a COC return of about 30% per anum (on the 26k outstanding).