When we relocated here it looked like the market woiuld be buying/fixing/selling REOs.At the same time, our ultimate goal is to get back into develooping commercial projects, as we'd done for years, and that's why we took the time getting to know the different areas, building departments, etc.

In larger banks, as you all know, there would be an asset managemnt department/division running up costs as well.

Unless you're very strong in the will power department, you'll easily be steered away from investing and get caught up in traditional realtor activities.

We have called the Texas Department of Insurance, the original agent, new agent, homeowners policy insurance company, etc.

You might ask if the fire department needs some practice, they might burn it down for you!

disgruntled partner3. unfinished 4. no cash flow coming inWhat happens if the departing partner decides he was not paid enough?

Yep Steve pretty much nailed it.After the consumer files a BK they have now bought months and months of time even if the plan isn't confirmed.They breathe a sign of relief and could care less about you the investor.Where the money lies is to keep tracking them on the Fed BK site and look for a motion to dismiss the case or a relief from stay filing on the house.You can get to them early this way as it takes a few weeks to a month to process out the request,the file to come out of the bank BK department,and foreclosure proceedings to start again.I do not know this person hucking a system but it is usually the same knowledge recast with a fancy name to believe it is different.

The building inspection department tried to be really difficult and we had to hire an engineer.

A building department may be able to report what properties are condemned, but that is about as far I think I can go.

If a city official for that department will not sign and notarize in writing what they are telling you verbally than you can't count on it.