Much of lower Manhattan went for almost 2 weeks without electricity, heat etc.

Resort yet close to military base , hospital or college or governmental centers.  

So you can obtain cheapest rent in lower maintained properties or pay more rent for better maintained properties.  

Bay Minette is very rural and lower income.

Look for opportunities to lower your interest rates and extend terms slightly without going for 20+ years.

If your competition is at 60% cost to income, then you should be close to that

that way you can utilize a lower downpayment and potentially rent by the room?

Medical/physician programs are typically best for primary or investment purchases..check in with @Joseph Chiofalo he is a national lender and refinance savant that's worked closely with me for over two decades.

Rates are similar, you can get interest only payments so your monthly payment is lower, and the loan doesn't go on your credit report so you can continue to invest in other properties without running into DTI issues.

If ownership is a single member (me), then one of two things happens. 1) we go with the lease agreement option and then Partnership B is receiving passive income that is much lower than what is expected; or 2) we go with a management fee option and then all the profit flows to Partnership B, but the expenses unequally benefit me as the single owner.