Another big one is the soil report.

The ocala market is definitely healthy and great for rentals.

Which is perfectly fine and healthy as an investor because at the end of the day, we all want to learn and share strategies which are working. 

In spite of not having the social and normal documentation we would expect this tenant and others are working full time jobs and driving past some healthy body holding a sign saying they are hungry on a Tuesday morning and that body has a social security card and all the credentials to gain employment.I would run my normal background check and use the same acceptance/denial policy I always have and let the results determine if they qualify.You may very well end up with a tenant that knows they have a bigger challenge to find a place to rent than others and once they have moved in will do everything in their power to be a perfect tenant because they do not want to go through the change and challenge of having landlords skeptical of them due to the lack of a social.

The soil has been tested and it's ok.  

Assuming you have good credit and a healthy down payment, you will find a bank who will work with you.Avoid paying all cash, because leverage is where you get power in real estate.I would suggest while you decide what to do with the money, place the funds in FDIC insured high yield savings accounts, so you can earn 1.9% with no risk.

It is also about maintain a healthy margin. 

Wherever you end up choosing, it'd be best to add some healthy repair & vacancy contingencies into your underwriting.

Huntsville has a healthy economy and is increasing in population.  

The list for new builds can be a lot trickier (poor construction/ construction defects, new materials being used that haven't stood the test of time yet, foundation issues from expansive soils or bad concrete being used (harder to know because the damage isn't visible yet), sewer line might be already jacked up or done wrong, windows or roof may not have been flashed properly but water damage isn't visible yet (I've seen new builds where you could literally see daylight coming in through gaps around the windows), grading or drainage issues, truss rise, nail pops, water intrusion, cheap appliances only made to last a few years or poorly installed, dirty ducts from registers not being covered during construction, wood shrinkage cracking the sheetrock, doorframes off/sticking doors and windows, apparently mold and meth may be present already... both old and new require due diligence and an experienced inspector.