I agree that this likely will make them motivated sellers, but I'm also very sympathetic to the stress and strain that a major health incident like this can put on a family emotionally. 

It was very stressful as the Seller reiterated over and over that we needed to close in 30 days - Ultimately, I believe we did it in about 30 days all things considered.While going through the inspection, the Inspector noted that there were structural issues -*For those starting out, if you encounter this I would strongly recommend that you stay away from this type of issue unless you're very educated on how to resolve these issues cheaply and timely*We budgeted another $20k into the 203k loan to resolve these issues and proceeded to close...Our Consultant recommended a Contractor that he had worked with numerous times using the 203k loan and we honestly could not find someone that wanted to charge a reasonable price and work with the 203k loan so I spoke with the referred Contractor and accepted his bid.Note: While you should take referrals into consideration, I would strongly recommend that you shop your Contractor in advance before putting a property under contract.

It’s good for 5 years, so you can wait to apply to grad school but also don’t have to stress about brushing up on your math skills if/when you decide to go back.

This is why I stress to my clients that are interested in townhomes/condos that they need to review all HOA information within the due diligence time period.

you can always do a refi cash out later to buy more, i've found this strategy lowers stress from 1031 investors all the time.As far as size of property, it depends how much debt you take on, but generally speaking the bigger the multi family the less per unit price you get and higher cap rate....and if you did buy a large multi family, you can find a good management company that will help you learn how to do it while they manage it for you.I would also buy a property that is mostly turn key, simply due to your timelines in the 1031.  

.-30° days or blizzards can be stressful, but they pass.

You may think you're smart by not hiring a property manager and saving 10% but I'm pretty sure your losses are costing you more than 10% and it's probably causing you a lot of stress and may even scare you away from continuing to invest.

If you’re going to be out state sound a major rehab with hard money you’re very likely to experience a major learning curve, stress, loss of money, loss of the property.

Transparency is so much less stressful and  Yes indeed i hear you on that tough skin...its a vital attribute to have...ppl can get nasty i try to prepare myself for that as it seems some ppl dont respect the wholesales approach for various reasons 

Carrying costs will eat you alive.The longer you hold on to the property, the more stress builds up.Visited the town planner to ensure that nothing "big" was planned - new road, new development, gas station etc.