I am going to have a minimal amount for down payment and closing costs and will try to wrap as much as I can into the loan so when I ran the numbers, my cashflow, based on the estimated $5,300, was slightly more than $500 after expenses (if I ran the numbers correctly), which to me seems very tight for having such an expensive property.

There are window inserts that don't require siding removal, but they may not be possible or as good from a water/air tight situation.Due to the age of the property, it is very possible that vinyl siding is installed over another siding.

Demo usually packs in pretty tight. 

It's a tight market for investors.  

PS: In case of a bad payment, reported by me within a tight window, there would be a clause to allow the PM to manually pursue payment from the renter.

It ended up being a great purchase overall and has performed very well, but it could have easily gone the other direction if our budgeting was tight.

You still have the 45 and 180 calendar day deadlines if you want to complete a safe harbor Reverse 1031 Exchange.  

The biggest thing that has changed is this has went from flip to permanent residence with a dead line.

The inventory is kind of tight right now depending on if you want single family or townhome/condos.

Perhaps they are pursuing a different strategy that might yield more, however, even then I'd think it would be tight and risky.