I was honest about my inability to do the deal with a normal 20% down(probably could have but didn’t want to) but if the seller could carry 10% I had enough cash ready and could close within 60 days.

Your 3% rate likely helps you with cheap debt and without the need to chase high that normal rental rates.

All normal emotions for going through the tedious construction process. 

Both loan servicing companies and insurance companies can be such a nightmare to work with even under normal circumstances.

They did not have major issues, just the normal things that come up over time if everything is not new already.

Why don't you just finance it normally?

We are in TexasHe normally uses schedule E with properties and his CPA told us to do a Schedule E for this one.

I am assuming in this that normal cleaning was done pre-occupancy and they are excessive in their expectations.

Maybe the landlord works a normal job on top of landlording or otherwise has a lot going on.  

We didn't buy much from the MLS and if we did, it was either a "handyman special" or it had been on the market 180+ days with a motivated seller willing to take less than market value.This will be the "new normal" going forward and a lot of newer investors will drop out of the acquisition market and just hold what they have.