It’s all about managing those risks and being prepared for the unexpected!

I think you go where the opportunity is and where you have some leverage and if you feel that Tennessee offers you that, I would look there, just be prepared to use that as a learning experience, so you may need to travel more, which it sounds like you're willing to do.

In this case, the seller is in default of their mortgage payment, they want to close early to get some money in their bank to show for the next rental, and the staying back 20 days is to prepare for the move and looking for the place to rent.

If the refund was an additional $1,000, you may have to question if it was worth it.If you did a DIY Cost seg, you likely paid around $600If you went the other route, you likely paid $2,500+The cost to the accountant to prepare the amended return was likely $500+

I listen to bigger pockets podcast about 5 hours a day, what else can I do to prepare myself and even make some more money right now?

If so, make sure to ask the investors if they would consider sponsoring the deal for a piece of the GP ownership.If this is your first deal, be prepared to give a big chunk of the deal away.

Food for thought: it is easier to get a loan of any sort on the owner occupied part, to include HELOCs. 

In this market, it is important to be prepared and know there will likely be trying times. 

Sec. 1.168(i)-6(i),” and describing the property.When to Recommend or Decide on a Cost Segregation Studies When a property is acquired using a Sec. 1031 exchange and cost segregation is also considered, taxpayers and their tax preparers should contemplate maximizing the basis to which the cost segregation study can be applied.

Did you target a location and find a contracting company first to be prepared before hunting for deals?