I'd recommend saving up and analyzing deals from the sidelines for a bit, especially with the interest rate hikes and the over-leveraged state of the multifamily space.Another strategy is to wait for Opendoor to declare bankruptcy and buy from their fire sale: https://www.opendoor.com/w/faq... 

And before declare Gov. coming in to save the average John & Jane Doe, remind me how many went to prison for the '08' finance Ponzi scheme collapse?

But there is an allowance for the tax payer (you in this case) to declare all the gain in the year of sale.

Ok, I am sitting here analyzing a deal - building my real estate math muscles! 

We want provisions for the real estate asset in case the individual decides to declare bankruptcy, so that the asset is separated from the bankruptcy (I think we can do that). 

But that’s a question for your CPA who’s going to be declaring one or the other. or MAYBE your QI.

CIVIL PRACTICE & REMEDIES CODE §16.035: Contractual liens created by restrictions and condominium declarations to secure HOA/POA assessments become barred 4 years after due date.However, as a practical matter, do not rely on limitations as eliminating an unreleased HOA/POA lien notice unless a resale certificate or other fee-status report from or on behalf of the Association shows the assessment as no longer collectible.Mental Health and Mental Retardation Liens (MHMR)TEX.

As the lender told me, if someone were to encumber a property to the hilt and then declare bankruptcy, that person can't lose their homesteaded property. 

So when he tried to declare the income as LLC/S Corp income, the IRS said no, you were the one getting paid, not your corporation.I'm not an attorney but this is my understanding of what happened.

I can think of another one in Carrolton that basically said, if you want to sue us we can declare bankruptcy because there is not enough money in reserves to fix it....leaving everyone on their own.I also advise my clients that the HOA is not some 3rd party pie in the sky organization.