Consulting a real estate attorney experienced in creative financing methods can help ensure compliance and protect your interests.Texas has specific regulations regarding real estate transactions, and certain creative financing methods might be subject to additional scrutiny.Insurance and Taxes:Ensure that property insurance and taxes are kept up to date.

Is the holding period calculated from the purchase date to the sale date?

If not, confirm the move-out date of the tenant as it has to be empty within 60 days of closing.4.

I would put every MDC Clerk of Court sales record (date, case number, address/PID, opening bid, winning bid, AV, etc.) into a spreadsheet, along with the names of the 3rd party bidders.

I would love to do one where its like speed dating you get to spend 5 minutes with each person that shows up and connect.

What is worst is when they run out of time on their current hard money loan and are paying penalties/very high rates for going past the maturity date. 

Marry the house, date the rate!

Would you change lease dates?

Current lease term (expiration date, month-to-month)7.

As far as taxes, I suspect it will be much higher at some later date, as of now the appraised value for tax purposes is only at $1m or so.