Hindsight and a few decades of experience has taught me that with a good lawyer I would have been in the clear completely.

Quote from @Marc Zak: Anyone have experience on the issue of getting insurance on a property held in an LLC?

That's looking at it through a narrow lens though, when you zoom out to 5-10-15 years down the road and calculate the difference, in my experience the appreciation has been far more beneficial than the $200 difference per month in cash flow from a different market.

In addition to that, the septic tank is undersized for the size of the home.

Additionally, the contract with the wholesaler is set to expire on Monday the 27th.

Thank you for posting that very detailed experience.

Additionally, I have $100,000 in cash in the bank, and my monthly expenses for my home and family are around $3,500.My wife earns between $100,000 and $120,000 from her W2 job, while I've recently lost my job but found a new one that pays $65,000 a year.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

Additional Resources to check, 'FYIs', in case you want to learn more about rezoning in the future)-Look up your address on the city's zoning map here to see how properties in your immediate vicinity are zoned.

@Gil CanfuBased on my experience working with over 400 investors, investing in a single-family home in Dallas with a $300K budget is a smart move due to the area's strong rental demand and appreciation potential.