I'd say, probably not.Just trying to have you people act like you all have SOME kind of common sense/decency!!

#s: value: $440k each, total debt: $310k each (incl. arrears), prop taxes/mo: $500, insurance/mo: $25, common charges/mo: $380, rents/mo: $2700 & $2250Pls feel free w/ any solutions / input / ideas.TxDave

Both claim they were married to the borrower via Texas’s common law marriage rules.

However, what are some common mistakes beginner real estate investors/Rehab flippers make?

just looked at their website.. just a company buying land in very common markets were there are thousands of vacant lots ..

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

This is probably common among buyer prospects, too.

But it's extremely common here for new folks to come on BP with broad stroke questions, without realizing the forum is a searchable database of scores of common questions with a plethora of answers already posted.Mike

For us, we use Reliant for the make readies and TXU energy for properties that either have lights included in their rent or for common area lighting.

More commonly, a Revocable Living Trust ensures your assets are passed to a trustee upon death.