But since I'm a First-time homebuyer, I believe I can get at least 10k in down payment assistance.

I know of some up in the Galveston, TX area, but I'm not sure if they would go down to your area.

From an exposure to liability, in the sense of how much a party can be responsible for action/inaction can come down to the participation for that business.  

Thanks for sharing your experience and giving us a heads up 

The market rent puts all three together at approximately $2900 monthly.Costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.

In 2022 in the summer the active inventory was in line with "normal", but last year the inventory in the summer was way down. 

For those with higher capital reserves and down payment percentage, assuming a pandemic era mortgage (typically from 2-3-4% can dramatically reduce carrying or mortgage costs.

That's almost guaranteed to cause problems and hard feelings down the line.  

I’m going to wait until prices come down.​Is this a housing bubble? ​

As always it comes down to an investor’s specific goals.