This means the lender must (1) reject any payments from that point forth (2) comply with providing proper notification (3) allow a certain amount of time for the borrower to pay the loan in full and (4) auction the property off in non judicial states.  

., so make sure you're familiar with those to avoid any issues.It sounds like you're on the right path, and with the proper guidance, you'll be well-prepared to make your first purchase.

I would also try especially in the beginning at least quarterly to complete some routine maintenance and make sure the house is being taken care of properly. 

when you talk about attorney states they are just doing the escrow function they are not doing the brokerage function.To me residential is now like commercial brokerage this is how commercial has always worked.

We are just looking for the best option to get started properly!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You are relying on guests to properly build and control a fire.There is no way I would expect guests to be making a fire and keeping in in control.If you are in the Rocky Mountain west, fire danger is a real thing and one stray spark from some green wood popping could create a wild fire.

The maintenance/cap ex, not being a function of the rent but a function of the unit and tenant, will consume a significant portion of rent.  

,To piggyback off what @Michael S. said, you’ll find it pretty difficult to find a decent property in Huntsville proper on a $250,000 budget.Don’t worry, though—in nearby suburbs, your budget will work fine.

Lastly, the proper way to leverage an investor-agent/professional investor is to make them your acquisition and sales specialist.