As interest rates rise, they naturally cut into potential cash flow on a property.

This deal stood out due to its strong resale potential and minimal risk.

He's helping me to narrow down a potential multi-family property that I will be house hacking, (the deadline I have given myself to be in it is May).

The insurance is higher along the coastal areas because of potential hurricanes but not bad the further north you go.  

This would allow you to indefinitely defer all of the tax if you sold, and use the tax you would have had to pay, to purchase something nicer in an area with a greater growth potential.   

So I would like to get these things hashed out well beforehand as something to present to potential clients and have procedures for my company.

Had we scheduled the closing in the morning, there would not have been an issue.The only potential upside is that a disaster area declaration triggers changes in mortgage rules that could beneficial to the buyer. 

A lot of investors start with something that's turnkey with value-add potential.

Thanks for the insight on where to network with potential investors, I will definitely look into that.  

@Apryl Skahill To get your risk-averse spouse on board with real estate investing, start by educating him with beginner-friendly resources that highlight the long-term stability, cash flow potential, and tax benefits of real estate, such as depreciation deductions and offsetting W-2 income.