@Cosmo DePinto The Huntsville market is tough right now.  

Are there any guidelines or best practices (ie: rewiring such a property would be more valuable than updating insulation).Is it something you need to ask the insurance company about to get, or is all this determined in the initial interview with the potential insurer?

Quote from @John Paul Palace: Our plan was to invest locally, however our market here is tough.

Financing can be trickier in smaller markets, so work with an investor-friendly agent and lender who know the area.

-Finding off-market deals and securing financing with limited capital.

Market forces are pushing and pulling but not a source of anything breaking.

I immediately recognized that the listing agent/property manager had the current rent well below market & the asking price massively wrong.

Having a strong agent or team is crucial for identifying the right opportunities, navigating the market, and scaling effectively.Good luck!

You cannot choose a section 8 tenant over a market rate tenant.

In this market, with interest rates and prices at where they are, they're usually not viable (i.e. don't cash flow).