Originally posted by Gregory Rankel:I have just started looking into the why behind this deed restriction...The "why" you would get if you asked the banks is that they are trying to discourage unethical investors who are looking for a quick buck from buying, doing low-quality renovations and quickly reselling to unsuspecting owner occupants.

Can you imagine this, especially if the houses are foreclosed and unsuspecting people think they will get a good deal.

Its an embarrassment to the industry and they should be run out or fined for attempting to knowingly sell unsafe properties to unsuspecting consumers.Property inspectors are not always the best group either, but in this instance they discovered some real problems it sounds like...that's what they are paid to do...It's always best to do things right...it's your reputation on the line. 

You can find SOME properties in WF or Longview (not Sherman/Denison anymore) for that 1%, but there's a lot of trash that's been brought on the market lately designed mostly to be sold to unsuspecting out-of-town investors, so watch out! 

And yes, you are certainly correct that there are resellers out there who try to pass these off to unsuspecting buyers. 

They just seem like a great opportunity from the cost standpoint, but I can understand how that would ensnare unsuspecting newcomers thinking they could by a townhome/condo for pennies on the dollar. 

People like @John Thedford seem to enjoy painting all wholesalers as unscrupulous vultures who take advantage of unsuspecting homeowners....which in my opinion is the same as saying that all police all racist murderers based on the actions of a few.

"As a landlord, it’s better to swallow your pride and settle for a small loss"In rare situations this may sometimes be the case but keep in mind you are passing your problems along to the next unsuspecting landlord.

They prey on unsuspecting sellers.

Just tell every unsuspecting “investor” you’ll find they’re fix and flip or any deal for that matter.