Texas Dept of Ins also says they have nothing to do with this situation.

That's why I stress the importance of building a relationship first.

I really feel for you as I've been in this same situation with my mom and know exactly how expensive it is.

I'm going through the FHA process because this is a loan assumption and able to get a very favorable rate.I'm wondering if anyone has gone through this process being a pure real estate investor (no W2 or other income) and how they would handle this situation.

We have received $15k to date and have the loan under agreement to sell to another investor as a reperforming loan.This is BEST case situation but it is not uncommon if you do it right. 

I don't think that is a good strategy, nor will it work in most situations.

Hi Robin,Thank you for your post as this is directly applicable to my situation.

=> I would get a local lawyer spun up on the situation when the investor is ready to go.

So im trying to figure out based on my situation what is the best move for long-term financial sucess.Now the rental is bringing in $800 net cash flow monthly, after all expenses are paid.

This isn’t the type of situation where you hire your aunt Sally’s handyman lolHope this helps.