Not to sound harsh, but that board doesn't feel like it's got as much substance.

These are both a dangerous assumptions, in my opinion, because, as Warren Buffett or Benjamin Graham would say, you have no "margin of safety" if the economy downturns for a while...AND because you are still highly leveraged.

any hidden dangers or downsides to signing one ?

Is there danger of that?

That is a very dangerous strategy.

., can be quite dangerous.

That's why people with ideas that try harder to circumvent laws than just follow them are dangerous. :)

That will be a barrier of entry for any commercial loan and frankly would be dangerous for you to get into a commercial property with little to no reserves (of cash) to deal with any unforeseen issues.

Hey Jacob, Becoming a landlord by default has it's dangers.

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.