Now I have a little and its time to take actions.

Taking legal action against another party necessarily involves questions of law and can result detrimental legal impacts on him if he files a lawsuit without proper grounds to do so, or where the opposing party may have counter-claims against him.

The biggest thing is to get started and take action, which it sounds like you are doing. 

Without understanding what you want to accomplish, it can be difficult to determine the best course of action.  

Action will always trump inaction - I have made mistakes, but this deal has taught me a ton, AND we are making money on the deal.

It's the one thing that will take your from analysis paralysis to action because it's the only way to put the learning you've done from podcasts and books into real life - by talking with others who have done what you want to do or who are trying to do what you want to do.Get your finances set and talk to a lender so you know what you can afford.Stay local.

You don't have that action here so are left as an outlier, way above appraised value. 

Austin that is legit amazing, I hope you are very very proud of what you have accomplished because not many people take that much action so way to go!!!

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

@Kathy Diamond,@Stuart Udis makes some great points here—taking the median rent divided by the median home price in a county isn't going to yield any actionable insights.