I start coughing as soon as I enter the house when he's there.I'm happy with the way it has turned out.

The concern here is simply what if things go wrong, you don't have much of a plan B.

If you look at the deed there is language that will say you take the property subject to all restrictive covenants (or it might simply say restrictions), easements, etc....

A lot of investors I come across don't consider the benefits or are simply unaware of some of the best financial planning strategies out there especially when it comes to estate planning and tax implications, working an insurance policy as a creative investment vehicle, leveraging debt, and using things like Charitable Remainder Trusts.

The whole idea of predatory lending or "taking advantage" of people is just silly in a free market.When two able bodied people enter into an agreement on their own free will, that should be the end of it.

So if you're married to a specific area, then you may be married to the property tax rates there as well.Keep looking as you may find adjacent neighborhoods with lower tax rates simply because they are a different neighborhood.

I am baffled by the number of contractors who have turned down the work or will need up to a week to simply come out and view the property.

I have had "captive" borrowers that wanted money FAST and they were willing to pay a lot simply because they can get it, they might not have a lot of time to shop around, and...it meets their needs.John ThedfordNaples, FloridaBTW...my RE agent just told me the IRS charges 23.98% interest on back taxes due!

That depends, every investor has different goals and strategies, but for many, yes, cash flow is the main reason to buy and hold, appreciation is simply speculation and in Tx, it usually goes slowly.Second, are you in business or charity?

Me thinks it best to be of the mindset that its simply a service provided, and set it up to take care of itself and not a headache generator.