The Economic Development there is focused on building competitive regional talent, diversifying the regional economy, transforming Montgomery's image and building diverse community capacity.Major economic drivers to the area include Hyundai manufacturing, Maxwell & Gunter Air Force Base, major Amazon distribution, Alabama State Capitol, Alfa Insurance, Kinpak, H2 Pharma, Dollar General transport/logistics, Dow Chemical, and Conner Industries to name a few. 

Look at rent growth trends, vacancy rates, and the area’s economic drivers.

I don't know the city well, but seems to be light on demand drivers other than Baylor University. 

However, I got into real estate mostly relying on OPM - private lenders, seller financing, and business lines of credit.I also don’t like the idea of buying turnkey properties at a premium.

Money will come from different levels of government, private donations and insurance companies. 

Typically needs 20% down, but offers lower rates and you can ditch the PMI (private mortgage insurance) once you reach 20% equity.

How much private money have you raised within the last 9 months?

For bigger jobs I have went with the "Have it delivered and I will cut the money to the driver".

If cash flow is your main driver, not sure how well the Madison, WI market would stack up. 

Focus on the big-ticket items and estimate costs.Financing: Whether it's private money, hard money loans, or a traditional lender, make sure your financing is lined up.