I personally don't feel comfortable waiting for the IRS to "maybe" approve the 8288-B.

Feel free to reach out!

I would feel comfortable enough noting the return in security deposit on the addendum so it is documented and signed.

Also does anyone know of any private investors in the Dallas area?

I just sent you detailed reply to your private message.

If you ever want to connect to discuss financing for your future investments feel free to reach out.

As for investment financing, you can use private/hard money funding that would typically finance 10-20% of the purchase price and most/all of you rehab.As for your first question, the amount of leverage should be in accordance to your risk tolerance. 

Feel free to connect

Hard money and private lenders are dropping rates in desperation to put their money to work.

Ideally that is what I’m looking for is some stable monthly cash flow to help me feel more secure since my current business could be volatile or fizzle out 5 years from now.