For example right now there are lots of new construction sfh options at/under $300K if you are thinking long term rentals.

Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

Your best bet is to start a relationship with a local lender so you can get on the same page about what you need and when.

I'm looking to connect with Huntsville locals who can assist or point me in the right direction. go to the local FB groups I bet there everywhere 

The property is 2 stories and 15,000 square feet and was constructed in 2005.

Still searching for the perfect sewer line, most have at least some imperfections even new construction.

One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.My question is, in general is a market more or less desirable if there are a lot of new builds hitting the area? 

You bet, but not active or pre-foreclosure.

i think your best bet is to try to build a network within the investing world so you're positioned as a hub, someone who knows a lot of people, and see a lot of transactions.  

Always visit the collateral yourself.3. draws are done after you personally visit the property to confirm work has been done and if you dont know anything about construction bring someone who does.This is for mom and pop one of lenders this may not be possible for those doing lending at any scale..