I grew up in CA and decided to move and invest in Reno, NV because of it's proximity to CA and Lake Tahoe, job growth/population growth market dynamics, taxes do not reassess on the sale, no state income tax, much more landlord friendly, etc. 

Insurance and Taxes - This will go along with budget and timeline but is important to note that you're going to pay this for the time you hold. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I've found luck using actual tax returns as my income instead of talking about rents or how I rent it out.

He probably would have gone for it because he says he paid almost 6 figures in taxes on it. 

So e plan is to lose 30-50% of the money in taxes and penalties the day you take the money out?

What's the ideal business structure in Texas for sole-owner, flipping business that offers anonymity, tax efficiency and asset protection?

And, as pointed out, disability is insurance through the social security system, it's not a giveaway that politicians like to claim to fire up that workingman ethic pitting people against each other for political gains.If I owned an ice cream store I'd certainly sell to anyone having the money, same with RE, if they qualify, they get it. :)

Keep in mind, the transactional costs of selling a property in Philadelphia with the high transfer taxes and brokerage fees (althoug these are expected to be reduced in light of the landmark NAR settlement that occurred yesterday), adds additional transactional costs, especially in instances where the home was purchased as recently as last year as is the case with your home.

This is necessary to be able to garnish tax refunds in the event that you have to evict and get a judgement for non payment of rent.