The fideicomiso is valid for 50 years and renewable.Why many people misunderstand and therefore have issues with the fideicomiso, it's actually a plus, as it provides "free" asset protection because it's the name of the bank that's on the title.It's noteworthy that, if ever the bank you chose to do the fideicomiso was was filing for bankruptcy, your property will fall out of the bankruptcy and you're therefore protected against that risk.

Derogatory items are:Negative tradelines: 8There are notes on some trades that have a remark of "Chap. 13 bankruptcy".

There are 10,992 HUD houses listed and most are Foreclosures and Bankruptcies in Tampa!

It was a bankruptcy so we knew it would be a long wait, but I felt it would be worth it because small multi-family units were so hard to come by, and because it was going to be perfect for my strategy.

Thank you everyone, for all the support, as I had mentioned I was going to be on vacation a few months, I got back in the country last month, quick update I did end up closing my first property, a new build in Cancun area, hot vacation spot, will be STR most of the year but plan on staying there for the summer every year, plenty of pros, but the one caveat is cash only, I would like to buy a multi next but struggling with the funding, I had a bankruptcy last year and can't get mortgage until September next year. 

An SFR tenant filed chapter 13 Bankruptcy.

You have to do a title search and other searches like bankruptcy. 

Foreclosure, estate settlements, bankruptcy and other issues bring light to what was done with a note.

Quote from @Basit Siddiqi: 401K ProsHands-off - good for people who can't manage their own money.Grows tax deferred/Free(depending on if traditional or 401K)ConsCan't tough the money until you reach retirement age with penalties if you touch the money earlyLimitations of stock options depending on broker that your employer chose.Stock market returns is normally less than real estate Also 401k/IRA protected from lawsuits and bankruptcy.

If a tenant declares bankruptcy or just refuses to leave without the police knocking, it just takes longer.