(Montgomery, Fairfax Arlington Counties) Sure prices dropped and bounced back in those areas....but when you go over to PG County, they are nowhere close to having recovered from the market crash while the other areas in general are back to 2006 levels.

For septic you can register with the Texas PUC to pass through sewer charges based on the tenants water usage so all is not lost recovering the run & maintain charges.

But you may not recover from a really bad deal.  

It's probably not worth the extra percentage if you don't have correct time horizon to recover in case you lose the principal.

I had send the judgement paper to a collection agency, before I proceed to take the fraud claim action I wanted to see if they are able to recover some of my money, which takes 60-90 days to have an update.I don't want to get my hopes up on this and was preparing for the worse.

While I medically recover (probably around the first of the year) I would love to help you in any way.  

My concern is if the properties I am financing are involved in a cross collateral agreement that relates the apartment sale, and there is some kind of default, would the bank be able to step in (because their agreement precedes my first trust) and prevail to recover the properties that I have the first trust on?

What do you actually recover from tenants who break the two year lease?

The seller may try to recover possession of the property through a foreclosure action if the contract has been in effect for five years or more and you have paid more than 20 percent of the purchase price."

While I still medically recover Probably until the end of the year I can help you on building and property decisions.