The fideicomiso is valid for 50 years and renewable.Why many people misunderstand and therefore have issues with the fideicomiso, it's actually a plus, as it provides "free" asset protection because it's the name of the bank that's on the title.It's noteworthy that, if ever the bank you chose to do the fideicomiso was was filing for bankruptcy, your property will fall out of the bankruptcy and you're therefore protected against that risk.

Don't misunderstand what I am saying..............for some Austin is still an investment possibility but not for you  Yes the young couple trying to buy their first property and are currently renting in Austin, yes it may make sense for them to buy maybe a duplex and cut their living expenses.  

I don't understand how that implies I'm trying to break a law rather than see if there are ways that cities allow you exceptions to the rule or to see if there are things in the law I'm misunderstanding. 

As with many other things, people overreact, misunderstand, and set up a huge cottage industry devoted to solving a problem that doesn't exist.

@Megan StoneThese are not "minor details", these are controversial areas coupled with major misunderstanding.

I am betting where the misunderstanding is she keeps going back to older ordinance, wanting to argue she's not "Intensively Commercial" but, they waived the wand and shazam, it is now. 

But I can accept if I'm just misunderstanding something. 

I'd suggest visiting the properties before you buy, tends to be a lot of misunderstanding when bought OOS and no visit.

I again offered to help him sell it but he continued to tell me it was a misunderstanding and he would be caught up on the mortgage.

To all others in this discussion: My apologies for misunderstanding,  for negative input,  for distraction  from topic, and for diluting any  benefit  this thread could have for fellow landlords.