And meanwhile, the other side wants to minimize the goodwill portion and maximize the land/building if they're doing a 1031. 

When you say longer timeline, do you mean like agent being the middleman and delaying response time?

I feel that there could be a possible dip in the economy, and in the Housing market and just wanted to know if there were some ways you can minimize risk when purchasing in times like these?

The delay in closing could have been related to the bank holding the note.Best of luck to you moving forward!

Just my 2 cents, but I think if you minimize your expenses and bill them back you'd be upwards of $250/mo or so which is much better than $170/mo.

I have considered reinvesting in my business and myself but I want to lower my taxes and be able to produce income while not working or minimal work ( maybe 20-25 hours a week ) .

This can ease the cost of paying for 2 housing payments during the rehab.Allow 30-60 days closing time for the loan.Most 203k consultant's pricing is for builder basic materials.Getting permits and some materials can delay the process.

Granted in area like San Carlos, the effort should be minimal. 50% rule: $3300 (rent) * 0.5 (50% rule) - $3300 (mortgage, may include some escrow which should not be included here) = -$1650/month.Using 40% due to self managed: $3300*0.6-$3300= -$1320/month. 

.- CoronaVirus is just a bad flu, and will have minimal impact outside of a little pain in China.Worst Case - Low Probability - Out of control Pandemic, huge quarantines, death rates in the 10% for those infected, economy crashes.

Many things aren't covered that you thought may be.Home warranty businesses are in it to make money, which requires them to maximize income and minimize expenses.