I'm hoping some of the brighter minds here can help me think through this sub2 deal I've been offered, both in terms of analyzing the numbers and also some advice on taking on a sub2 purchase (I've done about 1-2 hours of reading on the subject....enough to be familiar but certainly no expert). 

Can you get a three year roof certification from looking at the house from the street?

If the apartment is between 5% - 10% of your portfolio income, that is a grey area only you can answer.It's like loaning someone your car and they Uber it for 12 hours a day. 

After hours and hours of research, I have decided that Birmingham is at the top of my list for long distance investing.

It is just called 203k,,it doesn't mean two hundred three thousand. 

@Henri Meli - It was one of three properties listed on the MLS in my area and the only one priced reasonably. 

The Property is an hour outside of a Major Metro.

The Property is an hour outside of a Major Metro.

There are three that want to rent together. 3x the rent is about $7000/month for what combined income they should have.

This statute authorizes punitive damages to the landlord if you do not provide access to personal property with 24 hours notice written notice (after you change the locks).