I was looking at Huntsville but will also check out Madison.  

We live in a really really nice neighborhood on east madison St going to brandon.

Here is another useful tip I received from a local investor I met at YMCA: check local county website (for us, it's Madison County) for any court cases. 

mine were in Mississippi   Madison county the wealthiest county in the state.. all bought for 180 to 220k each... top quality renters I could self manage.. so from a management stand point very easy... and no need for turn key.. just bought direct from the builder and me being a broker I got a commish on top of it.But there are many home builders in these areas that partner with out of state marketing companies and simply flood the market with rentals. 

For that reason, Madison could be a good bet.  

I think Austin on the border of Oak Park near the golf course and along Madison definitely has some potential, it has some wonderful old buildings that are getting some needed attention, Its near transportation and has all the benefits of Oak Park but without the taxes and schools.

There are sites like FCI, Madison management, loanmls, direct source that sell notes.

@Ryan Ahlgrim  Our office is at Main and Madison, been here since '54, so I'm sure you drove by once or twice.  

Or buy a video.For more information, reviews, and registration links, go to my website and click on Distressed Property.Class schedule:Birmingham - Saturday February 11 from 8am to 11 am at Country Inn, 485 Wildwood Circle N (Homewood/Lakeshore area)Huntsville - Saturday February 18 from 8am to 11am at Baymont Inn, 122 Cleghorn Blvd (Madison)Mobile - Saturday March 11 from 8am to 11am at Springhill Suites, 3655 Springhill Memorial DrBirmingham - Tuesday March 14 from Noon to 3pm at Country Inn, 485 Wildwood Circle N (Homewood/Lakeshore area)Tuscaloosa - Thursday March 16 from 8am to 11am at Marriott Courtyard, 4115 Courtney DrFoley - Wednesday March 22 from 8am to 11am at Holiday Inn Express, 3155 Abbey LaneMontgomery - Monday March 27 from 9:30am to 12:30pm at American Red Cross Building, 5015 Woods CrossingClanton (in the center of the state, at I-65 exit 208) - Thursday March 30 from Noon to 3pm at Clanton Inn, 946 Lake Mitchell Road.

https://www.bbb.org/us/nj/madison/profile/real-estate-investing/morris-invest-0221-90183263/complaints