We would then use these funds for next deposit for rental property in TX.Am I missing anything obvious here?

We lived in Japan for a couple of years too, and I miss that ocean something fierce.

Using state specific forms is great but there are often timing and other obligations you cannot miss.

My goal is to get a multifamily unit an house hack I missed that opportunity when u purchased my first rental 

If you know what you're looking at, you'll probably find things that your appraiser missed, too, when you go there the first time.

I was a very lucky landlord during the COVID pandemic; not one missed/deferred rent payment. 

Those are situations where if anything goes wrong or you miss something, it can really put a strain on both partners.

And after we sold, it's still climbing.its a testament that those who dont believe in appreciation or think its gambling are missing the boat.. great wealth is generated through appreciation  

This seems very incorrect to me as the property would be a capital asset with depreciation deductions taken over years, yet the agent insists that he is correct and that this is a common practice for RE pros.I trust the agent but just think he is ill-informed and/or missing further details regarding his proposal, though I am open to the possibility that I may be missing something as well.Can anyone shed any light to help bridge the gap here  ? 

It hits the check boxs for me regarding CoC return and net income per door, but again, would like others to let me know if I am missing something by chance.