A Texas attorney is a must, as there are some Texas Property Code responsibilities that may arise in a wrap note situation (title insurance/lender notification, etc).

Oh Matt, that's two different matters, insured deposits and liquidation which is handled by FDIC, any issues arises ireef you don't set up the accounts to the max limits to be insured, just use more than one bank.

Hello everyone, I am an investor targeting probate properties in the Bristol, Norfolk, Plymouth and Suffolk Counties.I’m looking for knowledgeable and experienced licensed real estate professionals in these four counties to both list my properties with and also when the situation arises refer homeowners or Estate Executors/Personal Representatives that are interested in listing their properties traditionally.I am not looking for referral fees of any kind and my only request is a simple one:An email of your market’s history (as far back as possible for your given market area), followed by a scheduled weekly auto-email market update with all of the activity that transpired during the previous 7 days including the following criteria: (active, active with no showing, pending, temporarily off market, settled, expired, expired then relisted, withdrawn, and withdrawn)I look forward to hearing from those interested in the possibility of building a business relationship, either through this post or a private message.Dan Dwyer

Of course a rising tide lifts all boats, but generally if the value of your debt decreases while rents and the number of renters increase, that's not a bad thing?

It refers to procedural complications arising from just about anything we try to do, it seems.Merriam-Webster (dictionary) says it this way: "Full Definition of red tape. : official routine or procedure marked by excessive complexity which results in delay or inaction."

I'd suggest leave sleeping dogs lie as a tenant until an issue arises, then point it out, a tenant can't deduct repairs or maintenance.

Experienced "wholesalers" know how to control the property and solve problems that arise for both seller and buyer.

You will be surprised by the opportunities that can arise.  

When you create the LLC your personal assets are protected from any issues that could arise. 

It is an easy process to deed the property into or out of the LLC as necessary, should the need arise.