AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

That value, if owned for more than 6 months, can be used as the down payment for a loan.

If an investment property can go the income route where your debt to income is analyzed or go the DSCR route.Some DSCR lenders will go down to a $75K value and a $55K loan amount.

I would recommend researching companies before you join to see if they align with your values.

Is there anything I can do to ideally get them to not list the house and sell to me, I’m assuming there might not be many options, especially since the sister and I had agreed on a price that was below market value given I was planning to invest money to remodel the home and was planning to honor his wishes of not having the home knocked down to make a townhome or new home.

Do deep research to find areas good for investing, with lots of people renting, new jobs, more people moving in, steady money flow, and chances for the place's value to go up.

However, there might be some value in just passively investing in someone else's deal with a friendly sponsor and then asking to "tag along" for the experience.

(Food for thought)10% for Cap Ex & 5% for maintenance sounds fair and consistent with many BP suggestions.If it is value add and you do renovations, then hopefully your place will be "like new" and won't have many of those repairs/maintenance/cap ex issues early on. 

Value add, Rent increase, owner financing How did you find this deal and how did you negotiate it?

I have been actively buying single family value add rental properties in Columbus, Ohio for the past 2 years.