Demand is higher than normal in the subdivision we are targeting and we have already lost 2/2 homes we were interested in.

Would there be a demand for a STR in your neighborhood just North of the Navarre bridge across Navarre Pkwy if you were to buy another house there?

Welcome Brian:   In the scheme of things Milwaukee metro area is a bargain compared to the rest of the market and plenty of good rental base or demand for properties.  

I’m wondering if there is a demand for such a thing in Huntsville. 

I applied for my first HELOC today.It's for my house hacked property and the first step is the appraisal.I am a firm believer the some investors can be extremely annoying and demanding to others compared to home owners.

If you approach the tenant about their pets, you will find that those pets become Emotional Support Animals instantly.

Neighborhoods with stable rental demand, high yieldsand potential local economic growth.Currently I am researching ;Midtown?

You need to know what YOUR market and YOUR buyers are demanding, and offer them that -- or better than that.Most markets are competitive enough these days that the difference between, "Okay, I guess I'll buy it..." and "I HAVE TO HAVE IT!"

.- Also noticed no vacancy, unless if the area is really in high demand you may use a lower figure like 2-3% but typically banks will assume 5% vacancy factor when determining net operating income.

What you will learn in a smaller, less financially-demanding building can be applied to much larger buildings, hopefully, in your future.Having said that, since you are just shopping, why not shop both?