I apologize for all of the questions and double checking, I'm just being extra cautious and don't want to screw myself before even getting started by missing something.Thank you all for any advice or info you can spare on the above!

It turns out the seller's agent didn't see the full offer and so missed the fact that it was multiple deals I was bidding on.

In that instance your opportunity cost is missed free education and possible missed relationship development with your contractor.

Is there anything that I'm missing, should be looking for, or is a red flag for anyone overall?

I visited my bank this morning but their mortgage person works at branches all over the state and indicated he would try to call me in the morning.My W2 job is a 40 minute drive from home and most of the branches he works out of, while I have no problem dropping what I am doing and headed his way if necessary, since I only have a "may call back" I am feeling like I am going to miss out on a $50k future equity deal.

And because you're in Texas, you should definitely branch out to Oklahoma.However, and this really isn't directed at you but rather those in states like California, I think that too frequently people focus on that too much to the point that they miss killer deals everywhere.I live in San Diego and sure, California seems to be tough, but I don't think it's nearly as tough as people think it is.For the most part, if landlords treat tenants in California fairly -- which every tenant should be treated fairly no matter where they live -- they're not going to face too many problems.Even at the height of COVID, it was the slumlords that were having trouble collecting rent.

Hi everyone, I'm in southeast VA and I'm wondering if I'm missing anything for this duplex that would have me put a lot into the deal and provide cash flow with a fairly low CoC return. 

Have they been paying on time or ever missed a payment?

Even with only 2.3x rent for income, they may never miss a payment.

@Joshua ArsenaultMany people who are CPA's that don't work on Pennsylvania / Philadelphia often miss out on some filings that can cost clients a lot.Philadelphia is a unique jurisdiction that has its own filing obligations.The NPT(Net Profits Tax) and BIRT(Business Income Receipts Tax).The above filing obligations are required but hopefully don't increase your tax burden.Also you mention, "partner and I", depending on how title is held(Tenants in common vs partnership/corp), a separate entity tax return may be required.Best of luck