He told me that given that I was still fairly new to investing (5 years) that I should consider the benefits of having the extra cash on hand either for emergencies or for future down payments on additional properties.

What market are you looking to buy in?

- select markets will be stronger than others.

I would not to take on unlimited risk of a capital call from a management company I cannot change.What is the resale market like? 

It's a great market and I'm sure you'll do well there.  

One of the realtors was skeptical that I can get into this market for $200k, and, I agree, it's a bit of a stretch, but with the pay cut I'll be taking going down to Texas, that's about as much of a mortgage as we can afford on one income.

Black market-  most economies that have something that impactful happen, causes the taxpayers to move to a black market approach.  4.

Rents are mostly at market rate, and are for the most part, fairly consistent around the city.

They proposed higher than market rent, but want to keep 2 people from thee organization volunteers in one room in future.We checked the website of the non-profit organization, their program include several categories, including helping international children to school, housing for the homeless, etc.

Some would take those, 1007 market rents, or even AirDNA, so knowing which ones is important as you start your refinance(?