I recently picked up a 7 unit in Cleveland all in 225k, rents will be about 50k a year, net about 38k, not to shabby :) All the best  I've heard MS and AL can be pretty solid for cash flow.

I am in Alabama. 

The private lender is offering me 10.90% 6 months and 4 points, loan is for 360k, he said i could do 20% down and pay al closing costs or 30% down and finance closing costs., What woud save more money?

My friend @Al Williamson can set you up with training and all you need to know about this type of business.  

I'm in Huntsville, AL, so they may do things differently in your state.  

It’s al Pat like the inspectors are expecting to be paid off and if you don’t they come up with unnecessary “repairs”.The inspection is to make sure the house is safe and up to HUD standards.

Purchase price: $75,000 Cash invested: $17,000 4401 41st Pl N, Birmingham, AL 35217My first investment property.

I am in the process of acquiring a MFH in Alabama.

Most of the communities around there are either built specifically for STR or became virtually all STR as Disney, Universal et al grew.

This is in north Alabama.