Frequent hail storms pushing insurance rates up in that market. 

Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.

It's objectively rated as a great place to live, but obviously you need to be ok with Winter.

Normal mortgage rates are in the high 6's now, for a personal residence, and higher for an investment property. 

Check their occupancy, nightly rate and amenities.

How much will be the interest rate, and terms of the loan. 

You can generally get the best terms (max leverage and best rates) on an owner-occupied house.

Do a bit of digging, and you can find single-families in suburbs like Decatur or Meridianville that appreciate at rates above the statewide and nationwide average and hit the 1% rule at the same time.One caveat, though, is that most rentals in Huntsville proper probably aren’t going to deliver the cash flow you’re looking for.

The current tenants are month to month and not interested in buying, and the existing mortgage balance is assumable (3.65%) for qualified buyers.I know it's a great house -- and with the assumable mortgage -- a great buy for someone looking to save with current interest rates sitting as they are. 

Be sure that you are honest from the jump, your estimated rate are only as good as the info you give them.