In my opinion, an in person meetup > an online connection.You may want to consider making a connection here and meeting up for coffee or attending a real estate networking event.Best of luck!

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money.

@Jun Lee Solo 401k is a great vehicle for investing!  

Personally, I just rip it down.

Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan. 

Non-recourse has less personal exposure, but you need a very strong balance sheet to secure this without bringing in a KP.

I would personally put them in notice just because they never tried to communicate it on the back end of fixing it.

Personally, I would hang on to the cash.  

Other CPAs and firms have quoted me 5k-10k+ but are no where near as responsive and personable as my current CPA and accountant.