I am from Barcelona too, small world.Very interesting to hear your story and thanks for the suggestions.You are correct, I have to be cautious with which markets I get into, but as of today I am still analyzing options and not set with just one.Regarding NC, I like universities as an anchor of value for a location.

That is correct Matt.And Jeff's answer to your initial question was right on point.Good luck!

I believe the clock starts the date of the closing but I’m sure a Fannie/Freddie lender will chime in to confirm if this is correct.

Tucson.[1]Amazon Fulfillment Center Coming to Tucson- Although Tucson did not win the bid to become the home of Amazon’s second HQ it does look like we will be getting a very nice consolation prize.

Could I turn around and get a mortgage on that property for my 30k ( given it appraises correctly ) then use that cash to rehab? 

Ensure it is prepared correctly.

The internet lender loses nothing by saying "yes" when the correct answer is "no," the local lender is putting their rep on the line for you if they say "yes." 

They already offer a "bid room" discount for orders over $1,500 but if you get enough quantity from multiple projects you can begin asking for discounts under $1500 purchases.

You assumed correctly.

Am I correct in my assumptions?