The liens that remain after the auction (which you can buy from the counties all year) have a very high likelyhood to be on worthless land, so it takes even more time to sort through these.- your first problem will be getting the tax liens: when bidding at auction, the interest rate routinely gets bid down to 10% or less, so it's actually very hard to get 16% liens.

And then when you write this number down you are legitimate ties an it as the top dollar price.

The stripper would remain in the pores of the concrete and break the bond of anything you want to adhere to it.

It has been my understanding (having not yet purchased "sub to") that the ideal way to go about it is to have everything remain in the name of the seller so as to not make any waves.  

So basically, i wilk be able to save 7 k till the year end then do the remaining works and hopefully rent it out for 700-1000.

Overall, look for Houston to weather the storm as more companies with ties unrelated to oil relocate here. 

Of course, wholesalers Never have any intention of buying the property, so they'll never use your money....they just need your preapproval to tie up a property, so obviously they are a waste of time.  

Make sure you have underwritten the replacement cost and remaining useful life of the major systems (roof, windows, hvac, hot water, kitchen appliances, flooring) and that you are funding for these.

Being specific ties your hands to exactly what you advertised, don't give others an opportunity to make a complaint and they usually won't!  

For example, base monthly payment amount on a hypothetical 30 year mortgage, but schedule payment of the remaining amount in 5 years (balloon).