Hello BP - Does anyone recommend an RE Attorney in San Antonio/Texas as I am looking to get a permanent purchase agreement/assignment contract that I can permanently use.

I just inherited 200k tax free and MUST use the money for a permanent monthly income as i have been on $600+ a month disability for many years and DONT want to go back to being broke!!

I figured they could pay my mortgage until spring, when I understand sales conditions are better.However, now I'm thinking about renting it out on a more permanent basis, and I want to make a decision on what to do before they move out, and also if that decision is the rent it out, I want to have a plan in place for a more structured application and contract process that better protects me.I have worked up a list of inputs that I can share and hopefully have critiqued, but I guess I'll stop there for now and see if other people would recommend doing this, and if so, what preconditions do more experienced folks think should be met before you would make a decision to rent the house out?

BP subscribers could donate living space for him in different cities to save on overhead, he could develop an "non-profit" advocacy side of BP because it is hoe the youth move nad it another great grab on youth grabbing for permanent brand loyalty. 

BUT, don't forget that you get to include closing costs in your basis, as well as any capital (non-decorative, permanent) improvements you made to the property. 

You are right, hard money is most used for rehab or shorter term "bridge" scenarios, so for a buy and hold strategy you really want a long term permanent loan, fully amortizing.  

It wouldn't be too big of a deal to just move in permanently so no need to stress that.

Natalie, you'd have to get permanent traditional financing in your own name as getting a loan for this in the name of a business is next to impossible.

Workers comp, depending on the injury can by long term, pays at about 65% of gross pay and is not taxed Employer paid disability is usually limited to a set amount of time, even for permanent disability, and is usually paid at 70% of gross pay, and fully taxed.

(sent last night)"Hi Aaron,I have some sympathy for you guys as it's been more than a year I've been working with you.While the owner was not as compromising, I am TRYING to RESOLVE the situation.....As you know the owner has FILED EVICTION.....If the sheriff hasn't delivered your court date, it is scheduled end of this month.....I will spare you all the PERMANENT ramifications with an EVICTION.....But I talked to the owner, and told him you guys must be facing hard times after all I've had to do throughout your time.....So he's willing to listen to me to DISMISS your EVICTION, if you give me a call tomorrow and talk about coming to a deal.....If you'd like to DISCUSS a solution BESIDES EVICTION, then it's best we talk.....If I DON'T give the owner an UPDATE, he's assuming you plan to squat....AK"RESPONSE (received today, first time in 2 weeks from last hearing from him)"Hi Atwan,This is Aaron, I for one apologize for all the inconvenience.