If that doesn't cover the principal balance plus all accrued interest, exit fees, yield maintenance, prepayment penalties, default interest, advances made for unpaid property taxes and insurance (even forced placed insurance), advances on senior loans, foreclosure costs/fees, toxic waste cleanup, costs of resale, the list goes on and on...the lender can sue each and every one of you for the entire unpaid amount.The way this would likely play out, should the lender elect to enforce the personal guarantee, is they would file suit naming each partner as a defendant. 

You can certainly find a a builder grade vanity for cheaper than $500 at Home Depot, but you can also spend $2k+ on vanity if you are buying a ultra luxury/custom vanity.Our $500 "allowance" for the vanity is meant to be a starting point of what we think is reasonable for an average grade vanity on a typical mid-grade house flip. 

Since then, we’ve added a basement suite and rent that out for $900/month.

And guess what, the few that are doing things like that, they aren't the ones who care about these NAR suits.

Leading this transformative wave is Bruce Hiatt, a forward-thinking broker nestled in the heart of Las Vegas, who's rewriting the rules of real estate navigation.Picture this: with the technological brilliance, Hiatt is intricately weaving AI into the very essence of Luxury Realty Group, his cherished brainchild, with ambitious plans to share this digital metamorphosis far and wide across the expanse of the United States and Canada.

Since you're focusing on the Houston area, which has a diverse real estate market, you'll find a range of options that could suit your needs.

 @Joshua c has anyone used Credit Suite???   

Should I sell it or build luxury homes then sell?  

But that's a luxury to be able to decide that's what you want as I couldn't have done that without the 'bad area' properties helping to get me to this spot. 

Nothing containedherein shall obligate the Agent to employ counsel to represent the Owner in any such proceeding or suit.