I live in Ohio and I am not trying to break any regulations.

I think the state will flat line for years as people and compaines are moving due to high taxes and regulations.

@Jane GeorgeJane,    While I don't have any knowledge of the regulations in Texas, I can't see how this would be a problem.

I'm no expert by any means but the first thing that jumps out at me is to check any/all regulations in the area regarding historic properties.

Too many people in this business like to play the victim -- FNMA makes it too hard to make money, FHA makes it too hard to make money, the government makes it too hard to make money, local regulation makes it too hard to make money. 

@Shamus Quirk Check your local regulations.

And usually there truly isn't a repair issue, they just think they can stall the eviction and can if you don't take care of it at that time)So bottom line is, let the legal system and procedures do all this for you and your life as a landlord will be less stressful and regulated, and comfortable.Nancy Neville

The tightening of the mortgage regulations in 2012/2013, of which the Minister liked to boast, was no more than a return to what existed before the government relaxed things.CMHC is close to fully subscribed - and this is after an increase in their limits for which the lenders lobbied, so they will soon have to start refusing to underwrite some deals. 

Good luck :)  That would be why these regulations get passed - to benefit certain professions who are likely in bed with the regulators.

There are also new federal regulations concerning "helping" someone in foreclosure and delaying any process, which an installment sale could be viewed as doing, it's also a due on sale issue.