Landlords/ladies,I learned there is a newTX  house bill 1510 that says "cause of action does not accrue against a landlord solely for leasing a dwelling to a tenant, based on evidence thatthe tenant has been convicted of, or arrested or placed on deferred adjudication for, an offense."

Basically you throw the previous owner a couple of bucks to stay out of the way, you are subject to the mortgage and will have to pay it off to avoid anymore accruing interest/pending foreclosure action.

You may not have paid out that expense but is has been accruing and will have to be paid at some point.

because of daily penalties accrued since 2011!  

I'm aware this will accrue a lot in holding costs, but this seems like the most liable option for me.Thanks! 

(This usually accrues to not factoring in management and/or Capital expenses) Leaving an NOI of $19,900So, $19,900 in NOI, less debt service (provided #'s given are correct) of $10,400= $9,500 in net income. 9,500/49,000 cash to purchase (don't know why security deposits are included here, they have nothing to do with the purchase) = 19% Cash on cash return.

Rent is due on 1st, tenants late, so Cozy will send a statement everyday with accruing late fee until paid?  

(and get out of on short notice) If that investment is available, haven't we already been earning 5-10% while we accrued this 10k?

BUT, how do I know that all of the liens on that property were accrued by the last owner?

Now to be honest, there might be ways they can help you talk your way out of the fees but I feel there is no way that you would accrue points/mileage on these checks.They want us to sign up for the $20k to $55k package which includes the additional training, seminars, software, mentoring so we can be professionals in this business (this is a money business not a real estate business according to trevor)Just my 2 cents in case anybody is thinking of this.