Here’s a deal in WACO that i want to place an offer:CLASS - C/C+Units - 14 + duplex = 16Mix - 2 BED 1 Bath Rents = 575 averageCap rate 9.2 % actual (Or So they say)Previous owners bought it for $545k List price = $680KAll bills paid communityTotal operating expenses -$55kNOI = $62KCash flow is around $2.4K / month100% occupied with rent roll6mins from a a good university Numbers check out on paper, value add opportunity is also there.

But where you see a shady character trying to squeeze your friend for more money, I see someone desperate and more than a bit foolish trying to make up for lapses in the contract's language to deal with a situation that has clearly gotten out of hand.If I were your landlord, I would still start the process of evicting your friend and let the magistrate decide how unclear the language of the contract was, and make sure that the case was in the record even if it cost me money and I lost.

Texas  - no income tax and looking into areas near major universities or downtown (Dallas, Houston or Austin areas).

I recently completed a professional home inspector training course from AHIT at University of Arlington Texas, because I was just ignorant to what a home actually was..

I purchased an apartment in the Chicago area near my university campus while I was studying back in 2006.

Hi guys...hope all well...notsure if this is the right form to post.I have a client that bought few lands in dallas, texas from the sheriff tax sale.The redemption (6 months passed) 6 months because they are empty lots.Got them listed for sale and undercontract...now at the closing when the title company issued the policy commitment...they want to add language says they wont cover the redemption up to 2 years...

I'm 25 years old, living in Ottawa and recently graduated university with a BComm in accounting.

She is in her last semester before graduating the University of Arkansas. 

I'm having an irrational fear that there is some impossible to understand IRS language that would allow the IRS to redeem the house with no payment since the current owner would be different from the original purchaser at auction.  

Your lease language also plays a big role here and should explicitly spell out how/if that can be accepted.