@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Lenders often include a portion of the cash flow in the investment property as income to you personally to offset the DTI. 

Do you have personal experience with these?

I personally see several issues with investing in Dubai real estate right now.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Try to make your messages more personalized to avoid getting blocked again.You can email [email protected] with any  help you  need, too. 

So, things change a bit.If it is his personal home, there are more restrictions.For an investment property, if you take over his financing, read through the deed of trust (mortgage) and see how they handle transfer of ownership.

Better option for personal use but perhaps not rental. 

I actually had a fire MYSELF, yes personally. 

I can't just put the LLC's income directly into my joint personal tax return, right?