And how a court rules on this often (obviously not always) does not have to do with the language in the contract, as Ive said before, short delays even in excess of a contractual date do not cause material harm. 

The purchase price is well in excess of the rest of the homes on the block, however not in excess of the remaining historic neighborhood.

But to offset larger amounts, there must be a long term capital gain in excess of capital losses for that year. 

If the two units in the duplex rented for $2,200 combined, factor your rent into that number and any excess of that over the expense is your cashflow (or the couple hundred dollars). hope that helps

If they go over they have to pay the excess amount.

With this in mind I'd consider, given the money you have to invest, 1) how often you can find good deals to flip, 2) how much time you have to do it, and 3) how much you can do at once.If you find that you have more money to invest than you can put to work, then take the excess and put it into buy-and-holds (or some other investment if you hate the idea of buy-and-holds).

Surely, you should know from your other rental that you WILL have maintenance, management, vacancies, capital expenses, damage done by tenants in excess of the security deposit, advertising, legal fees, etc, etc, etc.

I've got pretty extensive Self Storage experience and CCIM tools that can analyze your market for competition gap or excess inventory.  

You say it doesn't matter....but....if you're sourcing new deals with a cost of equity in excess of 50% every day counts; a lot.

Additional inspections at first sign of any trouble (late rent, excessive number of visitors, unusual noise, etc.)