This was the single largest contributor to the significant under performance of the investment.

Here's a post I made on "non-conforming" vs "illegal/unpermitted", understand they are NOT the same thing.

Yet, the same properties in the same cities are allowed to rent their homes on a long term basis.   

Quote from @Julia Havia: These are big projects and be sure that you are doing it all within the city scope of what they want for the property.

Is anyone still active in the Houston Area?

You let it slide, waive the late fee, and she pays by the 10th.

The deal has to make sense and you really need to know the comps to make sure your investment is going to actually make money.

Bernie Madoff made guarantees to his clients, so did Charles Ponzi - the "inventor" of the Ponzi Scheme.How will the guarantees be guaranteed? 

.: Josh Altman is seeing a huge spike in interest among displaced Pacific Palisades Ca residents in seven specific areas following the devastating fire last month.He gets multiple phone calls daily from families who are looking to move to 1.

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.