This may not be a big deal like many people are saying… but this is a huge purchase for you so why not do as much due diligence as possible. 

@Brian Cannon commenting to hear what people are saying as I invest in DFW!

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them.

There is going to be a lot of information presented by a lot of people.  

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them. 

My mom keeps hers at 68 due to health reasons so I figured give people an extra degree. 

I’ve heard from countless people over the years who made their construction financing decisions strictly based on the term sheet terms and have had miserable experiences.

@Cindy Young, the common rule of thumb is 1%, you will hear that all over the place, and you will also hear people rail against this rule of thumb as well.

In addition to cash for keys or evictions, I did hear of a story on BP about someone showing up with keys and a lease and getting the person out that way as they were then trespassing...but if it was that easy, more people would do that.

People think that way too.