By the time you are going after large enough properties that lenders aren't pulling your credit, you will have a large enough asset base and large enough bank/investment accounts that I would guess your credit score will not be an issue.With $40k of profit in the project, and cash flow in $200 range, it will still take you over 16 years just to earn back your equity. 

We're pretty quickly turning into Brazil, and not just because 'diversity is our strength' but also in the overall acceptance of wealth inequality. 

But there is a wide range of things he can do including a partial exchange which defers some of the tax and let's him pay much less in tax. 

No multi families were available in my price range and they did not qualify for dp and closing assistance so that is why I didn't get get one as my first property.

The average, refinance closing costs range from 3 percent to 6 percent of your loan amount (again, depending on your location and your lender).

The average sales price in the area is usually 850k-1m+ (~2000 sqft split levels/high ranches going in this range, our house is a 2600 sqft colonial)We are now confused if we should wait for the house to clear title or back out due to the potential wreckage covid19 may cause in the housing market.

He owned and managed properties ranging from Section 8 housing to project housing in "ghettos" from Compton to Oakland.

It can range from the HOA doesn't care to there is no way any non-owner will ever live in the unit.If you are the primary resident and decide to rent out a room to a long term tenant, you are probably OK.

Prove that you were X% responsible for said damages because of your negligence.Doing a hypothetical trial in my mind with your situation, actual damages might be somewhere in the range of $2000-$4000 (30 days of housing, some meals out, etc).

Things were quite different as recent as last Wednesday (the last day we could have recorded).However, this Thursday, we will have a wide-ranging conversation about the economy and its impact on real estate investors.