I know to look for areas that are landlord friendly, have population/job growth, limited seasonal/environmental issues, high rent/price ratio, and areas within my budget (under $200Kish).

@Elan Adler,As @Michael S. said, a $250,000 budget is going to be a bit tight if you’re looking to buy in Huntsville proper.Luckily, your budget would go a long way in nearby suburbs.

I can offer lots of advice on how to build a custom tile shower on a budget. 

My last build went so far over budget though I'm hesitant.  

All of this, and more should be assessed as potential red flags.You should budget some vacancy, yes.  

The $60,000 renovation budget presented a clear opportunity to add value.

The $60,000 renovation budget presented a clear opportunity to add value.

The $60,000 renovation budget presented a clear opportunity to add value.

You could probably afford $20,000 without much impact on your budget.

The main thing I would say is whatever you have noted for your budget add 20%.