The primary area of “concern” is around things like IRS liens and the likes that wouldn’t be wiped clean by the foreclosure.

Will it be a property to live in yourself or to rent out, have you thought about any desired ROI, your buying power capabilities, etc.There are a lot of people in this post that can give you a hand of direction towards certain places/markets.  

It's not uncommon, I'm actually helping a client clean up the mess from a very similar, handshake agreement. 

Let's dissect it.First and foremost, power comes from knowledge.

I know of a realtor or two who will informally watch over a client's house and at least one house-cleaner who would clean between stays, but that's about all I have.  

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You have another three years to sell and still meet the requirements to exclude gains under Section 121.If you decide to hold the property and relax with a continued market appreciation and cash flow, three years of future appreciation is a gain that can be excluded when you sell within that time window.Because of Austin's powerful appreciation and positive cash flow, it might be better to hold the property long-term.

Despite android having more phones,  I'd guess iTunes is 95% to 5% in terms of podcast downloads from Android vs. iTunes. iTunes just cleans up when it comes to Podcasts! 

That's the power of this method. 

This allows me more purchasing power and I still have peace of mind being able to see the property as I am just starting out and want to learn more, (rather than leave it to a management company).3.