What about property tax prorations. 

Hi Nancy, I have sold property for clients in Carrollton.  

With proactive planning, they should be able to close on replacement properties within the 180-day period.

Quote from @Neal Schadler: I have several properties in Cleveland and the surrounding areas.

The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.

@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

However, achieving success in this space requires more than purchasing property—it takes strategy.

Also as I understand it qualification for these loans are based on the property as opposed to the borrower.

Considering thousands of properties were built before 1978, I imagine the first year will be rocky.

Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.