Meridianville (10 north of downtown Huntsville), Decatur (25 miles southwest of town), or Athens (30 miles west of town) will have plenty of B/B+ properties under $250,000.Given that cash flow is your primary goal, these areas outside of Huntsville may be a better fit for you anyway—rent-to-price ratios are definitely more favorable outside the city limits than within them.Still, Meridianville, Athens, and Decatur remain close enough to Huntsville to share in the area’s growth which, in my opinion, bodes well for long-term appreciation.

It's best to operate like a business with standardized requirements applied to everyone equally, every time.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

In Arizona, for example, it's typically a 'forfeiture' rather than a foreclosure, which can be more favorable for sellers.

At favorable LTV's (75% and below) rates can be very competitive (currently in the 7%'s) or sometimes nearly half the rate of interest on alternative second lien positions loans.

They are smart enough to know they will make a great amount of money in the long run.Investors like the OP seem to think they are doing us a favor. 

How do I close this deal with favorable terms?

So say bank foreclosed for $120k bid then you purchase for $100k, the homeowner would owe the $120k plus the statutory allowed charges (interest, taxes, insurance, etc).The work done to the property is a little tricky, but really favors the investor for the most part.

She is also in favor of enacting a national rent control which would be an absolute disaster and would greatly reduce the amount of available of rental housing long term. 

Thanks for the response, I assumed a primary residence mortgage would have the most favorable interest rate so that’s where my question was coming from.

The experienced investors on the site want the marketing out of the forums and BP has chosen to keep it (in favor of the agents, service providers, and new investors).Truth brother.