you would need to dig into the threads but here is what I have gleaned from the threads.1. buy Vacant D / F class generally cheapest home in the MSA for very little money2. say its great area just 4 walls and a roof and sell for 40 to 50k  ( price point that gets a lot of cash buyers)3. woefully underestimate rehab costs4. assertions that rehab funds were transmitted and no rehab was done.5. unclear on Morris license issues is he selling without a license6.

INDEMNIFICATION Landlord shall not be liable for any damage or injury of or to the Tenant,Tenant’s family, guests, invitees, agents or employees or to any person entering the Premises orthe building of which the Premises are a part or to goods or equipment, or in the structure orequipment of the structure of which the Premises are a part, and Tenant hereby agrees toindemnify, defend and hold Landlord harmless from any and all claims or assertions of every kindand nature.49.

Im not exactly sure what that entails though.  

If you are unable to find a property in ATX or in FL that will cash flow like you want it to once converted to a rental, that's when I'd consider investing in other markets, which would entail at least 15% down on a 1-unit property. 

@Mark FriesDo you have anything to back up your assertion ? 

I believe most people agree with this regulation assertion (see below for support of that before you starting disagreeing already :).2.

Without the push of subprime mortgages, relaxed credit requirements and the president asserting that everyone in America should own a home, rates were naturally going to drop.

My main concern is that I must reply to the civil summons within 21 days of being served and I want to make sure that can happen ...though I don't really know what that entails and I think it requires me to rely on the title insurance company to prep the lawyer in time for my response.  

The debt is at 16 trillion,unemployment is at about 8.3% but that is because many have given up on looking for work so the actual number is much worse.In addition if you fact check the DEMO's assertion that 4.5 million jobs were created between 2008 and now they say that is correct.

As soon as it's realized how much work it truly entails, and how much of a numbers game it truly is, and how thick your skin needs to be, the "students" bail.