He’s worked locally for about 35 years so has a great knowledge base.

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.

I don't know much about the San Antonio market, but if you are looking into the Midwest, would love to connect and knowledge share.

It's not about EA or CPA, it is about experience and knowledge for real estate. 

Here's a breakdown to my best knowledge  Real Estate Investment Trusts are companies that own, operate, or finance income-producing real estate.

You’re in good company with some pretty knowledgeable people.

Part of the “dream” of financial independence doesn’t have to be quitting your W2.it can just be the knowledge that you CAN quit should you decide to.

If one can learn anything from this thread it should be to use an Attorney knowledgeable in the laws of lending for the state you are lending in. 

To CORRECTLY do Build-4-Rent there is never HOPE of appreciation, there is CERTAINTY, mathematical data and insight driven CERTAINTY, knowledge of the appreciation to come. 

The Comal County court (Texas) has assigned a receiver, Charles Adams, for ORES.