Please do extreme due diligence.

Thanks David - you're extremely helping out!

They talked about the risks, but feels very bullish - My father-in-law is extremely stressed about this since we won't hold the title if anything goes sideways.

Top question you need to get a feel for is what would you do with the capital if you sold (or if you did a cash-out refinance) - if you have a good investment idea / usage that exceeds owning the current rental - you should likely pull the trigger, if you don't have a good usage for that capital then probably sit tight

This is extremely insightful.

I hardly rely on HUD properties to make a living as HUD opportunities in Metro Atlanta are extremely scarce, and I'm not trying to be BP's "King of HUD". 

I have been extremely happy that I did. 

Spain is in very bad shape economically right now with extremely high youth employment and occasional riots.

Owner occupants are extremely aggressive these days on certain location.

I would guess that his thread will get extremely long..