The GFC and COVID both prove that the world doesn't work like your models and our systems, be they financial or medical, or legal, are so complex that no one can begin to understand them.

@William ThornNotes and Home valuation - Sellers will tell you all sorts of things but I'd focus on your business model.

That's the rent-by-the-room model.

Since the utilities will be in my name, what model would be most appropriate?

Looking at properties around AL and though Birmingham is big enough and has a low  cost of living, the median household price is lower than I’d like which gives me pause in trying to establish a TOH model.

That's also the reason that the BRRRR model works best when you're able to either pay full cash or borrow the full amount of the loan when you make the initial purchase.

I am looking to scale up and find another deal with the same investment model in mine. 

In my situation our roles split like this:- Me: Financial modeling, biz opps, deal sourcing, financial structures, vendor negotiations, marketing- Partner: investor relations, daily operations, tenant/vendor managementThis doesn't mean that we both don't get a say, its just that this allows us to divide and conquer on efforts.As far as exits are concerned - If one of us wanted to leave, then the other has the right to buy out (which could take time of course).

You must know the complete business model and best practices.

Exit strategies can differ based on your goals or situation but its easier to compare investments if you have a nice model with a sold price and total profit.