It gives a 50% discount off the listed price for qualifying homes in revitalization areas.

I don't think that's a good idea, you are not getting much of a discount, the property needs a lot of work and you don't have the capital (25% down plus rehab) or the experience to take it on.Most important for your first deal is that you have a good experience and not lose money.

For some groups, if they are aggressive in getting deals, they might offer discounts on their PPP plans to get more business. 

Also I only had 2 quotes from two different plumbing companies to repipe, one quoted me 72k with 8k discount, one says 40k. 

Hello @Jonathan Klemm, we were thinking of installing LVP flooring, counter tops in kitchen and bathrooms, and maybe new paint.

The bedroom features a King bed and TV and it connects to both the renovated bathroom with standing shower and accesses the screened porch.

@Carl Rowles we screen all tenants exactly the same, but know several of our local competitors cut corners to attract more S8 applicants - waiving application fees, security deposits, etc.You can try to weed out applicants that have poor "house maintenance" skills by doing surprise zoom calls and asking them to show you their kitchen, bathroom and another room.

If the investor acquires any of the other liens on the property--such as subordinate mortgages or judgment liens--at a discount, then the redeeming party must also pay the full face amount of those liens in order to redeem.Alabama law is very clear, it is the value of the improvements, not the cost.

The bedroom features a King bed and TV and it connects to both the renovated bathroom with standing shower and accesses the screened porch.

I was purchasing at discount (discount from appraised value), it had a significant value add, and was in a market that neighborhoodscout shows 10/10 for this century.