Thankfully, in Atlanta, it's just one year period.Also, good point about the interest...i didn't figure in that they may redeem too early to get the full interest percentage.Kind of ironic you got more killer deals when you had less capital.

So ironically, the DF act continues to help investors with cash and penalize those that could benefit most from debt.Who knows, we have to make money no matter what Washington does :)

Ironically, if you have the wits, gusto, ability, etc to be a success after buying into the program, you probably would have been a success on your own without the program.

The fact that professional lawmakers didn't consider limiting rent increases as you approached or surpassed your markets average is in the best case gross incompetence.My disdain for legislative solutions is one of the few things that crosses party lines and obviously because money and power corrupts, legislation is the most necessary evil (Ironically).

I started my career working foreclosure in 1978 and, somewhat ironically, became owner of a mortgage banking company some years later. 

I think you will see I'm way better at finding and exciting these deals than structuring iron clad partnership agreements it's my only real uncertainty on this deal.On my next post I I will have pics and we will have all the loose ends covered working towards closing escrow on or before 8/14 per our short sale approval.

Also, a little ironic that this comes out of Texas.

I'm not sure why we're trying so hard to iron this down to a generational thing.

It's ironic that you say other posters are making emotional arguments. 

I don't even allow them to discuss how much they are willing to pay.Your question of whether you would be liable is ironic.