In the event Meg has some standing in the LC/CFD to pursue recovery of her invested capital and perhaps her payments to the seller, this will be a civil court action.

Landlords do not have a very good recovery option when their renters do not pay. 

If so, there are 3 big things in Houston to look for (1) Floodplain/did it flood during Harvey, (2) School District, (3) Football/athletic program at the high school they are zoned too.

I decided I wanted to add a lake house property to handle recovery days and just add a personal touch to my business.Well I found the perfect lake house property for my project and it is currently vacant!

It appears Wayne may be right that the HOA attorney is attempting to maximize  recovery for the HOA, however, MD law appears pretty straightforward.

The time value of money, coupled with the unknowns in the construction / rehab phase (contractor challenges, unanticipated repairs, etc), require problem solving skills you learn on the job, since they're specific to the project.The other thing to bear in mind is that flipping houses is most profitable during the recovery phase of a local real estate cycle that leads into the expansionary (new construction) phase.

Whether Detriot and other Michigan cities will begin a permanent recovery, stabilize, or continue the 50 year decline is not yet known.  

Part of the problem is ongoing holding costs owning land and the long recovery time in many parts of the country before you will see a return on the investment.Does the lot have a mountain,ocean,golf,lake view etc.??

I know how to dispose of bank assets for maximum recovery and minimum loss.

Here is what Fannie Mae has to say                                  Foreclosure                         Short SaleTime to buy               Primary 5 Years                   Primary 2 Years                             Investment 7 Years             Investment 3 Years                            FHA 3 Years                    FHA 3 Years but less if current at SSCredit             250 to 300 points                 depends on how many late paymentsLength on Credit    10 years +                     does not report as short sale recovery time         3 years +                       12 to 18 months with lates So basically the wait time is much shorter with a Short Sale, the Credit Impact is less and as mentioned above the deficiency judgement is usually waived with a short sale that is executed correctly, where in a foreclosure they are still on the hook for the deficiency.The exact times and credit scores needed vary on each circumstance and lender, but this is a pretty good general guide.Hope this helps!