I do know a very good real estate lawyer here in Texas, Happy to connect you with them to atleast get his opinion on the matter so you are hearing it from a legal perspective not peoples opinions.

@Jordan Deeney thanks Jordan for this comprehensive perspective.

I appreciate the input and perspective.

The transfer of the proceeds is secondary and not a taxable event.From a US tax perspective in order to be exempt from capital gains, you need to have owned and lived in the residence for 2 of the past 5 years prior to sale. 

The All States, State Farm, Country Companies, Farmers, etc responded quickly the others were in a world of hurt.Just my perspective.

I wouldn't say that FHA has more hoops to jump through than conventional from a financing perspective, but FHA may have some additional requirements for appraisal sake.  

I have been involved with real estate investing from an outsiders perspective my whole life as my family is involved with other markets.

@Laura Yates Thank you for the feedback thats a good perspective to keep in mind!

I realize some of this has to do with the numbers making it a "deal" but would love perspective from others.3.

I don't know if this will help you finalize a decision, but wanted to let you know from a local perspective.