Banks like proof the funds were in a bank well before closing. 

Hopefully it'll be lower, but that where's my urban developers in a few other markets are seeing their numbers come in.

Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.

You will have to pay higher personal income tax rate, versus waitingtill after one year for lower Capital gain tax rates.

If the market value mentioned above is accurate and the “initial” loan balance hasn’t increased by rehab funding, I wrote above that the proceeds are just a couple million after closing costs and commissions.

In my opinion, Dallas represents more upside with lower risk, and is less expensive than Houston.

I've considered areas close to the Falls, but sellers seem to price it a lot higher assuming the buyer can make it up renting it short term. 

With an $800k ARV and $500k purchase price, your gross margin ($300k) shrinks significantly after adjusted reno costs, holding costs, commissions (~$90k+), and closing costs.

I'd wait this one out until rates lower and you can refi and learn from it to buy better the next time around. 

Lower Repair CostsHiring licensed contractors for minor fixes can be costly.