While I will do some/all of the renovations and will initially be the property manager, I do plan to accrue for that day one so at some point I can hire someone else to do it and not break my financial model.Steve, I will definitely reach out to you over the next two months, thank you 

My personal goal is loftier than that, with visions of passive income and accrued wealth we can use to ease our lives and give our children an extra hand up when they start out as adults.My general plan is to buy and hold within our city, rolling over all cash flow and refinancing when appropriate to increase our number of properties.

However this amount can change slightly do to interest and legal fees that continue to accrue The bottom line is "Why does it matter"  how much is owed does not change how much the property is worth.

The debt I accrued in that year was using credit cards for personal things like gas, paying electric bills, grocery shopping, paying the insurance and taxes on the investments as well as small expenses with my kids.

Consider this excerpt from the legal notice I pulled from our local paper (I left out the pieces that are easily understood like 10% cash due at sale, etc ):... in order to raise the principal sum of $137,040.05 with accrued interest of $21,804.38, through January 29, 2015, with the total subsidy granted of $11,690.08, escrow charges in the amount of $1,709.14, with late charges in the amount of $1,014.40, and with fees assessed of $6,621.93 for a total unpaid balance due of $179,879.98.  

When I had my appointment, I explained that we need to ensure to submit the taxes ON TIME as we may owe in back taxes, in which case penalties accrue.

Plus, if they can't buy, then there isn't a very likely chance that your judgement is going to be worth much after all of the time and legal fees you'd accrue anyways.

A present unit owner’s liability for unpaid assessments is limited to any unpaid assessments that accrued before the association acquired title to the delinquent property through foreclosure or by deed in lieu of foreclosure

Considering they all have the same term of 12-18 months, and a projected net profit of 1.5x equity multiple, (a $1MM project, with a $1.5MM ARV) which would you rather:-Debt securities, secured by the property, monthly returns, typically at a higher rate, no accrued returns or profit sharing; or,-Preferred equity, higher risk, quarterly returns at a lower current rate, with a set accrued return which brings your total returns higher than would be with debt; or,-Common equity, highest risk, quarterly returns similar to preferred equity, profit sharing upon sale or refinancing the property based on your % equity ownership.Also, any additional information you're willing to share would be great such as the type of deals you've invested in and the performance/results of those investments, especially if they influenced your decision.

The worst part is Bexar County allows this to occur and taxes keep accruing, often times making the tax lien greater than the actual value of the property.