At the confirmation hearing, that is when you must pay off the remaining 90% of the balance or else you lose the property and likely part or all of your 10% deposit!

The Texas Property Code requires that a tenant under a written lease or oral rental agreement receive a written notice to vacate the premises at least three days before the landlord files the eviction suit—unless the parties agree in a written lease to a different time period.

Also, if you purchased the home with cash, were you able to then refinance the property after the renovation and get most or all of your money back at closing?

If the Management Company puts in a bad apple tenant, then they will share some of, or all of, the expense of removing that tenant and getting a new tenant in the property (depending on the terms of your management agreement which should also be reviewed by your Attorney). 

Becoming an engineer was just a means to an end, but it's also a great back-up plan in case something goes wrong (like if my husband becomes disabled and can't work, or we have a financial catastrophe and lose some or all of our rentals).

At least in Washington, there are plenty of leases that are oral.

Keep in mind a lot of lenders will not fund loans at these price points and I was told a lot of the areas have been red tapped by the lender b/c of so many foreclosed homes, so it'll need to be either private money or all cash.  

On the other hand, if you want to do some or all of the work, you can do that and earn the maintenance and management fees in addition to the cash flow.I am perfectly willing to trade a few dollars here and there to improve my quality of life.

The idea is going to be to use his money as a portion (or all) of the down payment. . .so I'm really trying to ascertain what to do in the way of interest rate, frequency of payout, etc.

Hello BP I am looking to diversify into another market. I am currently in Kansas City Missouri and love it tbut supply is getting short and prices are getting higher. I’ve heard many people talk about Oklahoma Tenness...