Researching and analyzing gives you education and experience within multiple facets, including assessment and analyzing, local markets, trending, etc. 

House is in excellent shape for what it's worth.

These 3 houses are all in similar shape and are listed for $50-$65K each.

It's a 2/1 frame in really bad shape that was offered by a Wholeseller a few months ago for $89K and they were saying that you could fix up and sell it for something like $140K.

As others have stated already, if you buy right (i.e. don't overleverage; I have voiced my opinion on this topic recently here on BP in a few posts) and the building is in good shape and tenants are ok with low vacancies then there is no reason for such a "turnkey" property to not cash flow.I would even go ahead and say: why and how would a "non-turnkey" cash flow any better?

That being said, we are seeing good trends here on the ground in Bham, and we definitely don't think appreciation is out of the question.

Here is link to that story Just Closed a 240 unit Apartment ComplexWhen I first started analyzing the deal and before my offer was accepted, the trailing NOI (net operating income) was trending in an upward direction. 

So be diligent about who you're renting to and you'll be in great shape.

I believe I can trust him to keep the home in good shape, and not trash it when they leave.

The car seems to be in decent shape and I would value the vehicle at about 4 to 5k.