, she signed some papers to receive a 1/4 acre lot of land as part of her parents divorce settlement - the land was in - a new planned community in Navasota, Texas.She forgot about the place, until about 5 years ago when we were asked to pay back taxes - We complied, paying probably 400% of the value of the property itself in taxes (We were not aware of any alternatives) - since then we have been paying taxes on time.We once went to view the land (there is no house) - safe to say the community never "took off" - there are a few houses enclosed in woodland, with the occasional manhole cover in the middle of the woods.

If you cannot afford the occasional water heater blowing up, you are better off renting.If you plan to flip, then 90 to 115k is very, very thin - 50/50 that you'll lose money.

I used to be in that market so I occasionally read the news, though, and this article surprised me:http://timeshareconsumergroup.org/advocacy_industry_update.htmlThe points are a little skimpy, but the idea is that the ts industry has not experienced the same problems as the real estate industry and is actually experiencing growth in spite of the economy.

Thanx Ryan,I have occasionally picked up leads by mentioning to potential clients/sellers/fsbos that I'm a member of Biggerpockets and intend to mention his or her property on the site.

I occasionally run into some leads in the area.So, what' the margin on non-performing notes?

I also have a family member who occasionally works with me on deals.

It would save her on the elec bill & would also add value if I decide to dump it.All my appliances (A/C & Heat, Water Heater, Fridge, Stove, Dish Washer, Washer & Dryer, etc...) are covered under my home warranty.

Occasionally I get leads from Austin.

It doesn't give enough hot water to do a load of dishes, but simce it DOES produce hot water, they won't replace it.

It's good to occasionally enjoy the fruits of you labors.