If I were to take a property located in historic downtown Marysville (on B st around 2nd, 3rd, 4th St) and rent by the room to personnel serving at Beale Air Force Base, how likely is there to be interest or demand from someone serving at Beale? 

@Ricky StaffordUse historical median price table from here.

The 2-2 story homes are next door to each other in the historic district of this city, and 1 has been completely gutted already; the other has been separated into 3 different units, and has 1 tenant still in there upstairs, and the two bottom units have been trashed.   

Also for rehabs, what software do you use to track expenses related to type of work completed (electrical, plumbing, etc), and what features have been important to you in your business to analyze historical expenses on rehabs?

REIAs historically are where experienced folks hang, the older experienced types. 

Historically speaking that is difficult zip code to leave with a profit.2) Who will be managing the properties?

I know that Alabama’s unemployment rate drops to historic low.

You’ll want to review historical occupancy for both sides.

Other things to consider: Look at historicals, is it at an all time in terms of occupancy?

Some keep the water in landlord's name and build it into the rent based on historic usage, and hope that water consumption is not too excessive over the historic usage.