Every Owner of a Lot, by accepting a deed for that Lot (whether or not expressed in the deed or conveying instrument) or otherwise becoming an “Owner”, is a Member of the Association, is bound by the provisions of the Project Documents, is deemed to have personally conveyed and agreed to be bound by all covenants and restrictions contained in the Project Documents, and is deemed to have entered into a contract with the Association and each other Owner for the performance of the respective covenants and restrictions.

But if the HOA stands to loose if the house goes to foreclosure...I need to find out, but if they get nothing if the house goes to foreclosure, they may be willing to negotiate.

She choose not to do this and benefited from it by not having to pay tax on those funds, unfortunately, she also looses all the benefits that comes along with reporting that income to the government and one of those happens to be showing that she has been a law abiding citizen by paying what she is suppose to.

As for buy and hold, get an area that will appreciate fastest in this market...You can retire early :DWith the lending market continuing to tighten, the increased housing inventory, and the recession, it is much more difficult and "risky" (very loose term) to flip in these market conditions.

There are bound to be all kinds of investors in and around your area, you just need to provide the forum for them to come and impart their knowledge upon you!!

Yes I should say buy low/sell high rather than loosing our money, we need to know how to invest in the good deal.

Jump in and get involved here on the site and you're bound to make some great partnerships and colleagues.

I am loosing my mind.

i am sure once I am on here I will remember what it is that I am not doing right.In any case I am looking for someone who has 65K to lend on a rental property that I will loose if I do not have the money to pay off a balloon payment on May 3rd.

Section 8 tenants could loose their access to their funding (at least in Tx during our ownership interval) if they caused problems, we had very little trouble.