This can place you in a more favorable tax bracket and perhaps offer you the opportunity to 1031 and defer all tax.

Im not sure if this is a typo, but I suppose it would be a bid war as its in a highly desirable are where they are mowing down houses in favor for 3 story townhouses.

Favorable financing, potential value-add (increasing your equity), and overall a place to live while you decide if this is what you truly want to do.

I am going to pass on this property mainly because I cannot even comp out the property well as a flip and there is no initial information to support any favorable days on market once the flip is done.

I'm generally not in favor of litigation, however, you're entitled to more than the dollars you've spent IMO....assuming you don't end up with the home.

Do yourself a favor and go with an 80% efficiency furnace.

A bad lease can make getting a loan on the property tougher for an end buyer that is a coupon clipper for a NNN lease.Tenants love to throw in crap like blocked rent ( goes up every 3 to 5 years 6 or 10% at a time versus each year), early termination rights in the primary lease period, below market rent bumps, sales drop clauses, off load NN for roof and structure versus true NNN, defining option period with terms that are favorable to them, weak guarantee on the lease or parent corporation drop off after a few years,etc. 

For example, there may be some local programs in Akron that might help first timers (like buying a duplex and living in one of the units may qualify you for a favorable loan program). 

The other major thing to distinguish various towns' programs is their respective appreciation rules - while Boston's 5% per year is very generous and allows folks to build wealth quickly, other towns favor keeping the costs lower indefinitely, and will dictate a TBD cost of living adjustment when you sell.

A lot of this area is trading sub 40k and right at 40k so this falls into and asset class that BP in general is not in favor of. - Mainly in terms of out of towners.