Juliet, Brentwood, Franklin etc. and rent it out to random tenants who would essentially pay my mortgage and I would gain a profit off them.  

Lastly, talk to your accountant or tax advisor as there may be tax implications with capital gains by selling your property too soon.Just some things to think about as you start down your new path in Real Estate.In any case, welcome to the RE Investors "club" and good luck with whatever you choose to do!

My initial thoughts are this:- the closing costs seem a bit low, but they certainly can and do vary from lender to lender- the rehab budget ($15,000) seems a bit low to gain $121,500 in value - it is certainly possible, but you have to think, why has no one else jumped on this opportunity yet? 

Dont feel bad, you didn't lie or mislead to gain the benefit.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $152,000

Cash invested: $12,000

Huge fixer upper with lots of budgeting involved in the rehab. The house is current...

Over all real estate market was good and especially Houston market experienced good gain in home sales compared to last year after Harvey 2017. 

Kicker is finding investors trying to move capital gain taxed funds.

Counties have gained access to the MLS and have been removed as it is members only

Why did you have to 1031 exchange something that should have been tax free gains?

Capital Gains taxes can be avoided using 1031 exchanges, so the extra risk doesn't seem to make sense.That being said, if I found a deal and it happened to be in an OZ, cool.