They have the time frame and payment dates set but I’ll be sure to make sure things are going as planned.

I would be thinking about future loans as I plan to do purchase another property soon after.

There may be a way to reduce property tax reassessment by using LLCs, but it is a complicated plan, takes time to complete, generally needs a business purpose, and is not without risk. 

I'd have suggested a down payment assistance program for your first purchase.

It’s a good plan, to me at least.

Quote from @Fulati Paerhati: I am selling one property and planning to do a 1031 exchange.

Plan is to purchase a couple homes over the next year.

The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender. 

I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

congrats on the Naca program I have sold a  handful of my OREO to Naca buyers.. its a great program takes some resolve to go through their initiation process.