What contingencies were included in your purchase and were you within those contingency periods? 

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

In this context usually what happen is there're longer flattening period or reduced price growth once the immigration stopped, just like Austin.

My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.

You'll give him six months probation period but expect a notice to vacate if he's late again and offer a new lease if he fixes his ways.

When we let you know it wouldn't be a full refund because of an earned premium period, you stated that your signature was forged and you didn't actually buy this policy. 

The median price in the greater Austin MSA increased 2.4% to $435,000 over the same period.

Given that the lease agreement had a 30 day notice period clause, I asked when the tenant was going to move out.

My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.

Using an LLC and drafting an operating agreement ensures efficiency, outlines ownership, and resolves disputes.