From what I understand, a 1031 exchange doesnt apply in this case, and so I will have to pay short term capital gains on the appreciation ?

Make sure you understand the difference between capital expenses that get depreciated over multiple years and regular expenses that get deducted immediately.

I understand the rate is competitive on the assumable, but having $300k liquid, you might as well do a lower downpayment and Buy down the rate. 

But you have to be very creative and understand that if you're seeing deals from industry professionals (rather than sourcing them yourself), there's probably not enough meat left on the bone for a good opportunity to create value.Good luck!

I understand I will need to pull a permit to add shower area in the third bathroom but would a permit be required for the three additional rooms, especially given I will not be adding any new sq ft to the property?

The property has been in excellent condition since it was built two years ago, and I’ve lived there myself without experiencing any similar issues.The lease is a standard Texas lease, and I’m seeking advice on how to approach this situation fairly.

I have been using Quickbooks online for years and love that it's the industry standard and robust software.

I just started on the path to becoming an MLO in the state of Texas (and possibly other states). I was looking into getting a sponsor, but what pretty lost trying to find a sponsor on Google. I ran across a platform c...

Not saying that those are possibilities but understanding those potential outcome and doing what you can on the front end (screening + clear expectations) to avoid them.  

I am like understand 70% of it.