My goal when planning for the next tax year is to get Line 22 as close to (or over, but not excessively) the maximum ($89,250 in my case) as possible.

Both I would not recommend.decent entry level is 250k minimum to get anything that's close to being able to have a decent return and even that is pushing it- at least for our area- Myrtle beach/Surfside

If the price point is feasible I'd advise to do your first flip locally that way you can build systems and processes and gain the experience of doing a flip while being able to monitor close by.

Do the numbers sound too close?

I will be watching this space.  

Since I am new to this and this is my first time doing this, wanted to know if there is any clauses I should make sure is included in the agreement or any clause to watch out for.

I assume splitting the electrical wouldn't take more than a month, so you'd have it figured out by closing of the next one.

Hi - we were supposed to close on a house yesterday but they said it ready for reinspection until Friday.

- own them outright- plan to owner finance at 10% down 10% interest I use a title company and attorney for closing along with servicing company once done. 

Account Closed I would also advise to raise the rent a little each year but not enough to make then upset or run away.