I had not heard that.. seems to me most do lend in Texas I got loans from Lendinghome there and they are semi nationwide.. but regardless there is PLENTY of money in Texas in the HML space no shortage at all.Visio is right there in Austin.. 

Have you done any research on this property to check on outstanding encumbrances such as an IRS lien or any other special assessments?

@Jerry Galloway Wholesaling is legal and legit nationwide.

Basically do you have more income from w-2 work coming in than outstanding debt and living expenses?

This is what we set up for all our OR and WA clients and clients nationwide.

However, while the cash flow is great and there is no mortgage payment, the house exacts, by far, the highest monthly toll in out-of-pocket costs because it's located about 275 yards from the Atlantic Ocean, so the insurance and annual tax assessment is ... up there.Anyway, the raw comparative math suggests that it would make more sense to sell the beach house and use the proceeds to pay off the outstanding mortgages (in full) on the other three rental homes.

Some people just can’t stand to have outstanding debts.

HUD, which applies nation wide, states (I bolded the most relevant part):"An assistance animal is not a pet.

The mortgage affidavit clearly states "Except for half of a duplex, rental of any portion of the property is not allowed as long as the mortgage loan or MCC is outstanding

The only distinction between the lender and any other bidder is that the lender is not required to pay cash, but is entitled to make a credit bid up to the amount of the outstanding indebtedness.