Thomas with TG Resources, Beating the streets, Generating leads, I investigated and found details on a home I have been doing research on for quite some time on.

We were hoping that this would be a little cleaner but I understand that's what will throw most people off and should push through :)  I will investigate further, thanks for the links I will make some calls.

I was investigating a while ago and a lender I've used before told me that they had a limit of 6 financed properties, and I'm at 6 now, headed to 7 (all conventional mortgages).  

Some are not and some are but that is just it---you have to spend all that time vetting them and hoping the deal works.Driving around your area may also clue you in to the neighborhoods and if you see properties (fsbo, or appearing to be vacant properties) that you can investigate.

Everything in life has a price, and something is cheap or expensive for a reason.Happy hunting and investigating!

The Texas Department of Savings and Mortgage Lending has been investigating these scams as well.

When I accepted an offer from a prospective buyer in February.They ended up not purchasing my condo due to the hot water pressure being too low and the rental restrictions.The hot water pressure problem was due to the pipes needing to be changed.When I asked the HOA if the problem could be fixed, they said they could not fix it because they did not have enough money to do so.After finding this out and combining this information with what I had already known about how the HOA was being ran, I decided to do a little investigation to see how the finances were being managed.I requested copies of the financial records and several other documents for the last 10 years so I could review them to find out how to funds had been being managed in the past.The secretary, which is who I requested the documents from, emailed me back after I made the request telling me to not contact her anymore.She alleged I kept contacting her while she was at work.This may have been true but I was only doing so because she never told me the times that she worked.I don't know her personally and I never have been disrespectful towards her when I called her for anything.So, I could not understand why she got so angry.Anytime I would try to contact her after that, she would not respond so I stopped contacting her.She would only respond to my attorney that I was working with to sell my house even though the documents that I was requesting from the HOA had nothing to do with selling my house.I was requesting the documents for myself.I always have been a firm believer that people who don't have anything to hide don't try to hide anything.I am not saying the board members are stealing any money but I have reason to believe something unethical is going on.I ended up selling my condo a few days ago.The HOA provided my attorney with some financial documents that my attorney had requested for the sale.However, I felt that the information that the financial report provided was vague.It could have been created by anyone who knows how to use Excel.I wanted to see bank statements, audit reports, and documents that I feel are more concrete evidence.Even though I no longer live there, I don’t want to allow the HOA to get away with behaving this way.If I do, that gives them permission to continue to stonewalling people who request information from them.Based on my narrative, what do you think I should do?

well, if that is there legal basis that it is Act of God...then that makes sense.There is really not much you can and nor should you do.If the tenant is still inquiring, have your PM company or insurance compan send them a letter that they have investigated the matter and their determination is an Act of God and therefore the Tenant's responsibility.

You can apply a rule of thumb to get a quick idea of whether a property warrants further investigation.

If you file something with the real estate commission they assign an investigator but before that you generally have to certify under oath and get notarized that what you are saying is true and correct.