Full Property Address is:1160 13th Street N Birmingham, AL 35204Current Listing Price: $185,000Number of Units:22 of which 8 are occupiedCurrent Day Rents at 08/22 Units = 36% Occupancy:(196*08=$1565 per month / $18,780 a year)Valuation at 36% Occupancy:$84,000 - $92,500 ( I would offer this price today since this would be based on the current rents which are abysmal probably due to a landlord who doesn't know how to market and to rent out to the region $200 rents are way below market rates) (Analysis in excel sheet - link below)Prospective Rents at 100% Occupancy:(500*22=$11,000 per month / $132,000 a year)(600*22=$13,200 per month / $158,400 a year)Valuation at 100% Occupancy:$1,215,000 - $1,225,000 (Analysis is in excel sheet link below)Projected Repairs: I currently don't know since I don't have pictures of the interior, but I've factored about $75K ($3500 per unit) for repairs since I don't know the condition of the interior.

Maybe Brian will chime in he was/is a very large trustee buyer in N CA... with a lot of war stories and wounds and a Lot of good outcomes for him and his investors as well.

On the surface they appear to meet my requirements.....except for the credit...they have none, the response came back as N/A!

Originally posted by @Gabe N.

And correct as @Roy N. noted.. can be used in common areas. 

I prefer n st Pete or other towns near Tampa with better neighborhoods it’s less cash flow but tenants tend be much better and they pay auto deposit and my appreciation has been better.

Keeping n mind it can be canceled at any time. 

It is at 6:30 tonight at El Chaparral Mexican Restaurant 2838 N Loop 1604 E San Antonio.

Btw, properly spacing out sentences, paragraphs, n bullet points must’ve not been a serious consideration when they were working on the mobile app section lol.

@Donnie N. - how long have you owned the 3 properties?