**Conclusion:**Pre-construction condos offer exciting opportunities but come with inherent risks.

In the lawsuit she was claiming now claiming to be my landlord - and she provided the courts with a blank unsigned rental agreement - another reason it was overturned:  my mother had given me full permission to live in her house rent free for two years after she died.

She was told by our local power company, PPL, that our meter base needed to be upgraded, THEN they could put her meter in (there was no meter in her unit because the previous tenant moved and it has been unoccupied for a few months).

Ok there is a LOT of false info in here.

I suggested to her that she do exactly what you said and open an interest-bearing account in her name and put the security deposit there, so that it is separate from her other accounts.

@Anthony Blanco: I think inherently underwriting a deal is hard and will never be streamlined.That being said, any model can be used for a quick and dirty model just to see if the deal generally pencils before you dive in more.I love the Adventures in CRE models.  

Hi this is asked quite often in here so I recommend you search for some additional info.Long story short...I recommend financing in your own personal name if you qualify for the purchase you are trying to make. 

In fact right now, debt coverage is is going to present a greater obstacle than obtaining an appraisal that is 20-25% greater than your cost.

Throwing my 2 cents in here. 

I read complaints about Texas taxes all the time in here, but it isnt a deal breaker.