The chances of them paying out the rest of the lease are SLIM!

Is multi family real estate investment in Birmingham area a good investment.Yes, Birmingham performs similarly if not better than many markets using many metrics, such as cap rate - cash on cash return and has solid ROI.Birmingham also has a lower margin of entry Cash wise to most other markets. 

The house has been on the market now for 6 weeks at a price of 220k (we've lowered it one time). 

As a flipper who purchases from wholesalers I  can vouche that when I get a chance to do inspections I'm very grateful because it doesn't happen often. 

It is a 2 bedroom upper and 3 bedroom lower unit....

It is a 2 bedroom upper and 3 bedroom lower unit....

It would be great to pick it up at a discounted price.I was wondering if anyone has ever been in a situation like this, and either A) tried contacting the owner (company) direct to see if they are motivated to sell much cheaper or B) working through a realtor just make a much lower offer?

That's a ballpark, obviously since expense margins can be higher or lower depending on the park and most parks aren't 100% occupiedStill typically requires a calculator, but like Bill said, it's pretty quick. 

It has been on the market for 134 days, so I may be able to negotiate a lower price if the seller is motivated.My down payment is 3%, and closing costs will be factored into the mortgage.The amount for principal, interest, property taxes, insurance, and mortgage insurance is around $740-$760/month.

Here is how the HML I work for does it.They fund up to 75% of ARV or %90 of purchase and rehab, whichever lower. 2. all rehab loans are 12 months.