Yes it costs money, but yes it's worth it (assuming they're a great lawyer). 

What are the typical costs do so?

It will cost about $600.I wonder if I have spent the money too soon.I am not an expert in pest control.What if the tenant left a door open or something, and a few rodents slipped in?

The banks in USVI are VERY risk adverse resulting in major processing costs and restrictions that are costing us money. 

We we're able to negotiate with the seller (OG owners daughter) to cover all the closing costs to essentially get the purchase price to where the judge wanted, but bring our out of pocket purchase closer to what we we're asking for.

It's seems like $500 is a more reasonable fee for a 1 to 1 exchange than $1000.Please let me know if this is not the correct category for this post, or if asking for a recommendation / posting a link are not allowed.

Total capital costs was approximately $40k.

@Amanda Scheller, @Eric Yu, that's what I was going to advise, link up with a real estate agent who focuses on house hack acquisition.

My goal is to live in this first property for at least 12 months (but realistically a few years) and have a roommate in the second bedroom to help offset the net costs.

@Ariel GonzalezHey don’t despair.It’s a tough market out there.In most cases, seller pricing expectations are still out of line with the current cost of debt.I’m proud of you that you just didn’t buy something to buy something - that takes discipline.It’s important that your first deal is a success or at least not a train wreck.I’d encourage to start small finding a 6 to 10 unit building and buy that with a few friends.