They may want you to put some kind of disclosure in the offer about buying under market value for the intent of making massive profits or something like that.You'll also want to know what kind of split your broker expects from you if any. 

The market in the area is dynamic and continually changing.

I don't have experience in either of those markets, but I do come from a tenant friendly market (Los Angeles). 

I've attached an image of my proforma based on your report and using a different property in the market.

Love hearing about what’s working (or not) in today’s market—especially on the multifamily side.

Depending on your long term goals I wholesale and use the assignments fees to buy free and clear properties and I use creative marketing to buy and keep in my portfolio. 

TN markets are still pretty free market so even if you do get cancelled there will be alternatives.

I’m from Houston and particularly interested in the Houston market and its surrounding areas so it is easier to manage.My Criteria:* To buy: 3bd/3ba property at Max: $350K.

Just a heads-up: with the way the insurance market has been here over the past couple of years, this is accurate as of today, but things could look very different (for better or worse) in 6+ months.

What a great market to be in.