Agree will Declare our Buildings a low Allergen Buildings in all future leases after remediation of units, Currently i have a fourplex with a No Pets, No Smoking Standard in all leases.

You as a landlord in Texas by statute can declare a property abandoned. 

Neither will the other title company in town.Here is the timeline on this parcel. 2013 - Collector's Deed issued to the city due to a lien placed on it for the expense of demolition of condemned house2016 - Declared excess property by city2017 - Sold at auction to an acquaintance of ours who intended to build on it9/2018 - Owner changes his mind about building and agrees to sell it to us for $5,000Now, $5,000 is no big risk to worry about someone clouding the title by claiming that proper procedures weren't followed and trying to redeem it, BUT we plan to put about $120,000 into building a duplex on it. 

Does failure destroy your reputation and your credit" - Depends on the level of failure, if you get foreclosed on or have to declare bankruptcy then it is going to ruin your credit.

That means, a tenant, with someone in their ear (if needed), will take you to court and get ALL of the rent credited towards the purchase by having the court declare this a Land Contract...Not a LO.All of this because you didn't keep the two agreements separate when you gave rent credits.There's a better way. 

@Gene Walker, The former owner can raise this issue in several ways.1) They can provide sufficient evidence to the tax collector to persuade that person to declare the sale void. 

Just muscle flexing from tiny souls.

Super rich people can do that, which is how Trump continued to get financing even though half his LLCs have declared bankruptcy. 

Then they got rid of the contractors (they didn't have to pay the unemployment taxes to the state when they got rid of us), and finally, they had to cut into their own muscle when things got really bad.

I declare Vegas off limits for me for awhile.