Below are specs on the neighborhood, details on the home and what the previous owners did to upgrade, how we use it now, and all my ideas for what we should do next.NeighborhoodWe live in a reforming area that is quickly becoming a HOT market.

Originally posted by @Amy Wan:I'll add one:--Not properly structuring the deal (and disclosing all the ins and outs of the structure)--Bringing in bad business partners/co-sponsors or bad investorsback in the 80s I did site procurement for a large syndicator.. and when you talk about bad investors.. this is very true they had some issues with tax reform and then the market cooling in 1989.. one investor basically went bonkers and long of the short of it.. between him and his attorney torpedo'd numerous projects that could have been saved.. 

Presently this is the case, but it is appearing like FHA financing on condos is in the process of being reformed to be more lenient on its restrictions: http://www.utsandiego.com/news/2012/may/20/tp-fha-may-ease-regulations-for-mortgages-on/I think this latter point is the biggest reason for optimism in the condo market.

It's a Deot of RE form called "Change In Terms In Tenancy."

This is one idea that really should be passed around.Congressional Reform Act of 20111.

For me it has been positive.Many immigrants are fixing to leave and are selling of businesses.They built a model on paying under the table etc. so there workers 100 would be 100 versus our 100 after everything is taken out 65 to 70 bucks.Many restaurants with the new reform will not be able to maintain profit margins with the new costs and will simply sell off or shut down.I am getting commercial short sale listings with immigrants leaving the country.On the flip side I hear landlords worry when a majority of tenants are immigrants.They feels they might go to being full to a huge vacancy and cash flow problem.Labor costs might rise for contractor rates.It will be interesting to see how this plays out.

They know as well as everyone else that the U.S. govt would default on many of their budgetary obligations before they default on their debt (that was the big risk of not increasing the debt ceiling); which means that unless you think the country is going to fold in the short-term, there is essentially no risk to buying treasuries.Don't get me wrong -- I firmly believe that if this country doesn't take some major steps towards financial reform very soon, we will eventually "go under," but I don't see that happening in the next few years.

As had been aptly proven recently, the political system is broken as well.When I read "tax reform ideas" and especially politically-tinged opinions, I remember a mathematical truth as it relates to our economy.

Act which requires that sellers of non-homestead property to non-family members have a residential mortgage loan origination license;Title XIV of the "Mortgage Reform and Anti Predatory Lending Act," also known as Dodd-Frank; andChapter 5 of the Texas Property Code which since 2005 has imposed burdensome requirements and penalties upon seller financing of residential properties.

There truly needs to be some reform to the statutes that pertain to HOA and Condo Associations.