Lessons learned?

Many more disturbing facts and allegations are available in public court documents: https://unicourt.com/case/pc-bk5-metallic-blue-development-llc-2058799.Bankruptcy cases can take years to unravel and most of us are expecting to recover pennies on the dollar at best.Make your own judgement on trusting people with a track record like that.Sorry you have to go through this and have the strength to make these posts public so others can learn from them These types of posts should be lessons learned for investors, and what I mean by that is know your sponsor.

The price of the properties I intend to house hack in my college town located in Abilene Texas near Fort Worth ranges from 150k to 200k.

Take care of your bride and family first.I worked my way through college in restaurants.

Working 2 jobs and going to college has way too much time being taken up for just an okay paycheck and I don’t want to live that way. 

Used to generate 150k yr income Lessons learned?

Same reason why an agent may push a seller into accepting $10k less on an offer, it gets the house sold and the difference is only $300 to them (based on 3% commission), whereas it's $9,700 to the seller. 

Lessons learned?

Lesson one I guess.

If you know that going into the deal, you will know to offer a little less on the home.