I tend to ask them what they plan on using the proceeds of the sale for and if they have thought about being the bank and making that interest themselves instead of a bank.

Ultimately, everything unfolded according to plan, reaffirming the importance of perseverance and foresight in navigating complex real estate transactions.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Since this is for 15 year life property or sooner, do you plan to hold the assets for that long or longer. 

With that said, my plan would be to continue getting as much overtime as I can at work, living with my parents in the few days that I'm off work, and investing in rentals in lower cost, higher cash flowing markets.

My plan is to occupy the  property for a year (to utilize FHA), then rent it out and look for a new property. 

I assume you plan to use an PM?

Do you walk the place yourself, and realize that all the contractors are wrong, it's that the top floor tenant has four puppies that are peeing everywhere, and it is urine coming through the ceiling? 

I plan to get a rehab done my rent in Memphis.

Sorry to be this guy... but what a client hopes or expects is a product of poor or non-existent tax planning.

Replacing water heater is cheap but if you owned condo in upper stair and water heater is leaking, your damage cost can be substantial because it may flood all the way down the unit on the first floor.