It seems like Huntsville has a nice combination of cashflow and potential appreciation.I'd be interested in hearing from folks more familiar with the area on the general view of the city in 2024, things to look out for, things to avoid, etc.

This can allow for favorable tax treatment and potential tax deductions related to the properties.Management and Decision-Making: Establishing an LLC can formalize the management and decision-making structure for the properties.

I was thinking in any case it would potentially expose me to that world while also making (not much, from the sounds of it haha!)

I think they are making a risky bet w this property, buying at a 5 cap rate, loan is fixed at 5.7% and 2 new properties about to open very nearby and who knows how many in construction phaseVillas at Sundance | Investment Opportunity (vikingcapllc.com)You are very lucky to live in Austin, fastest growing big city in country, and a micro-cosm of the global economy, this too gives you an educational edge

She is excited to share some of her experience in order to help investors and property owners maximize their investment potential, and also regain some of their most valuable asset back - their time.

What things do I need from the potential renter so I can do a proper screening on them?

In the meantime you can start building your database of potential renters. 

Home depot/lowes sells mold test kits you can use once the basement is dried out.Once you have the basement dry, the next order of business is to figure out the cause(s) of the flooding, and hopefully address those causes to prevent future floods.There are multiple potential reasons for your flooding--it could be ground water rising up from underneath the house, it could improper drainage around the house, it could be cracks in the foundation or slab, it could be water coming in through the window wells, it could be all of those things, or it could be something else entirely.  

ha This is a real liability, the government originates most of its cases through "testing" which is to say contacts with landlords where they pose as potential tenants.

While I'm not yet familiar with the neighborhoods in Columbus, I'm specifically looking for a small multi-family rental property that will offer long-term appreciation potential.