Quote from @Mindy Nicol: Investment Info:Small multi-family (2-4 units) buy & hold investment in St Augustine.

Right now in DFW area it is probably cheaper to rent then to buy. 

He can fight the seller to still buy the property but you are out of the deal and want your money whether he signs cancellation or takes it from his pocket.Key thing is focus on your agreement / contract and your rights.

Select leads that are fresh and fit your buy box and call them.

Consider your self luckyVersus selling a great asset, again either do a cost segregation or take a loan out to buy other properties.  

These are rental houses and NO one is 100% perfect with rentals houses I dont care who you buy them from who your tenants are or who your PM is..

If I can't do that, I don't buy it.   

Those that cannot weather the storm get wiped out.Having cashflow positive properties provides a margin of safety you just do not have with negative cashflow.Why are you focused on buying in your backyard? 

@John Barton so if you are buying a 2-4 unit property then you should absolutely be able to use that income to help you qualify. 

I would do everything in my power to buy or rent in a neighborhood with the best school I could afford.