I bought a ring alarm system that can be monitored and nearest police station and fire station close by.

Takes some time to close, but can potentially get you the best leverage and longest loan terms with a reasonable rate. 

The house is a 3 bedroom/2 bathroom, ~2000 sq ft and closed to the Plano Senior High School.

We just closed on it.

Read the note beside the door knob, "door alarm will beep if not closed within 30 seconds"....lol.

YOU need to be prepared to close if you do not sell it.  

I am supposed to close on my first mobile home flip in a couple weeks.

Amazon.com closed their distribution center that was here.  1200 jobs gone. 

Having good records, bank history and reserve funds are all essential elements to successfully close the deal.

He is bringing in the property plus $25,000 cash ($20,000 to cover closing costs and $5,000 for initial operating expenses), while I'll contribute a $130,000 cash downpayment and handle day-to-day management due to my proximity to the property.