Questions that need to be answered?

Jacksonville can be a promising market.  

If continuously, then you may be best off saving for a bit longer to save yourself all of the interest that comes with GAP funding in the long-run.

The seller actually paid less in fees to sell the property off-market. (6% of $2.8 million would be $168k) He also got a quick and easy sale, and the buyer locked in a solid discount on the deal as it had recently appraised at $3.75 million What was the outcome?

Hey @Ujwal Kolli,When you do a cash-out refinance on one rental property to pay off the mortgage on another, the interest tracing rules generally allow the interest to be deductible if the loan proceeds are used for business purposes, like paying off another rental.

If the language is in the contract, can it be cancelled and EMD be refunded?

We have been looking a duplexes and the numbers just don't seem to come together well.  

For other deals Im happy to be a sounding board.  

Would be happy to connect and knowledge share.

I'm an Airbnb/VRBO owner myself, happy to help consult on some design improvements, but it'd be helpful to learn more of what your goals are.