So, to have an 18 month term with 0% interest or even a 2.99% interest rate, that is a tool in your arsenal worth considering.My husband once used one to purchase the lease residual on his car that was on a lease coming to an end. 

You just added a very powerful weapon to your arsenal - I am sure by now you have a strong spreadsheet or another tool to estimate rehab costs.

ON NUCLEAR WEAPONSAhmadinejad: We're fundamentally opposed to the expansion of nuclear-weapons arsenals.

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.

Understanding the age of those items is a good tool to have in your arsenal.

I will definitely add that to my arsenal.

They are not priced to financially cripple a person so it's not unreasonable to have one in your "arsenal".

Manny, what makes Land Contracts or Contracts for Deed an important part of your arsenal or desire to be a part of your arsenal?

I have a decent arsenal.

The agent would be able to help you find a lender that has the 203k loan in their arsenal.