If they re-graded it, they didn't do a good job.

You are doing a great job in Dallas.

But this gives you breathing space and time to see what area you would like to live in and most importantly find a job therefore how close or far from work do you want to live?

Instead, i suggest put in a home inspection contingency with a clause stating anything under $1000   We would not request...

It's not an earth shattering idea, but it increases your income and protects you from yourself (wanting to scale too quickly, making compromises, and introduces extra risk).I'd suggest taking a breath and getting a sample size of more than 1 month of bookings before buying the next one, but I get it. 

I highly suggest you check it out.

Unless you have a background in petroleum or chemical engineering or have one doing your due diligence then I would suggest that you walk away from this area.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Could someone suggest a value for the MMHP?

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).