Recently a phone call I had with a prospective tenant consisted of him explaining to me why his 12 *baby* boa constrictors are completely safe and why they shouldn't require a pet fee... coincidentally I know folks who had a rental abandoned by someone who homed 27 snakes and they all died after the tenants scooted so I was just curious if anyone has dealt with the same level of craziness hahah 

You wouldn't normally give BoA a piece of the house you're borrowing money from them to buy.

Have not ventured into the larger institutional lending (BOA, Wells Fargo, etc).

We're able to bill all property & school taxes on out BOA credit card. 99% are already in escrow.

With it I can have a better idea of the price range I can afford.I contacted BOA and Chase loaners.

Bankruptcies can affect that time line.Moratoriums on foreclosures as Mike referenced were lender specific (Fannie and Freddie, BOA, etc.) and voluntary and did not affect individual note holders in any way.There is some pending federal legislation right now that could affect seller financing and then there is always state legislation that you need to be aware of.I have to disagree with Rich's advice that you should NEVER sell.

Maybe in my case, with 3 parties total, 4 LLCs will have to be formed (+1 for the property itself).Thanks for the BoA Grant Program as well.

I've been using BoA for 10+ years for literally everything (checking, savings and investments through BoA/Merrill) but I feel like I should open up another account elsewhere for the cash flow I'll be receiving from a property I recently purchased.

@Jon S.Thanks for providing list...I still consider Dallas has very diversified economy, here is list of companies with their headquarters of major regional presence....Energy (Exon...Telecommunication (ATT, Texas Instrument, Cisco, Ericsson...Finance (BOA, Chase, Charles Schwab, Commercia, Capital One...Retail (JC Penny, Newman Marcus, Kimberly clark, GameStop, Seven Eleven...Auto (Toyota, GM...Airlines (Southwest, American...Industrial (Fluor...Healthcare (Tenet...Real Estate (DR Horton...Defense (Raytheon, Bell, Lockheed Martin...Technology (ADS, HP...Insurance (Liberty, State Farm...Other can be found here....https://en.wikipedia.org/wiki/List_of_companies_in_the_Dallas%E2%80%93Fort_Worth_metroplex

I've had horrible experiences with BoA over the past few years and am in the process of closing all my accounts there.