I am saying this because I want to give a little perspective of who I am and why I will be answering the way I do.Whether it is prior rent locations on a rental application or previous employers on a resume, it makes no difference; it all comes down to liability.

Also look for the words "clay soil" and "expansive soil" on disclosures and inspection reports.If you do move ahead with the property, consider some more robust drainage control.

Right now the economy is robust but no one will argue with you it will run out of steam in the foreseen future. 

When your business grows you can use a more robust software product such as Appfolio.

One thing everyone has to remember is that the longer the RE market stays robust the more of these type of posts you are going to see. 

A couple other pointers:Develop robust tenant qualificationsTell the tenants you're the PMUse PM software (we use Buildium)Build a few deep relationships with solid contractorsCall your tenants every month or two and check up on them - it goes a long way!

These 3 bed, 2 bath homes tend to be robust during recessions, but also attract quality tenants.

Fairly robust platform, handles almost everything for us and Customer service is great.

I went for a drive for dollars this morning and that neighborhood near the Arsenal is very bad- You can tell you are only going to attract very low quality tenants so unless you know multi family properties in some nice neighborhoods, it seems like they are mostly in low income areas.I think a BRRRR deal in Madison may be a good way to start, the cheapest home in Madison listed on Realtor was definitely below average- I found 3 homes for sale on Whisperwood Lane with potential but those may be the lowest quality of homes and neighborhood I am willing to go for.Definitely not interested in being a slumlord but if you know zip codes in HSV that would compare to Madison, please let me know- I am thinking appreciation in Madison should be robust in the next 5 years.I found nothing decent for under 250K- it looks like here in Huntsville, the focus should be on quick appreciation- cash flow may not be realistic in most instances with the current market prices.

More important, this isn't a REI investment plan....it reads more like a resume'.