It's my understanding from Texas Rental Code, if tenant appeals, they have to post bond equal to one month's rent that is held in escrow.

They are held in a Revocable Living Trust.

trying to close on a deal and find out that there is an old mortgage that was never discharged and the bank that held the mortgage is no longer in business.

Additionally, the interest rate has been held down artificially low for too long as well.

Yes you would pay today the ordinary income taxes and the 10% penalty, but you would be putting that money to use in real estate and once you have held that account open for 5 years or more and you have reached the age of 59 1/2, then all distributions from there are tax free.

. Joint or total ownership of a property that is held in the name of a corporation or S-corporation, even if the borrower is the ownerof the corporation; however, the financing is in the name of the borrower. Obligation on a mortgage debt for a residential property (regardless of whether or not the borrower is an owner of the property). Ownership of property that is held in the name of a limited liability company (LLC) or partnership where the borrower(s) havean individual or combined ownership in the LLC or partnership of 25% or more, regardless of the entity (or borrower) that is theobligor on the mortgage. Ownership of a property that is held in the name of an LLC or partnership where the borrower(s) have an individual or combinedownership in the LLC or partnership of less than 25% and the financing is in the name of the borrower. Ownership of a manufactured home and the land on which it is situated that is titled as real propertyType of Property Ownership NOT to include in Financed Property Count: Ownership of commercial real estate. Ownership of a multifamily property consisting of more than four dwelling units. Joint or total ownership of a property that is held in the name of a corporation or S-corporation, even if the borrower is the owner of the corporation and the financing is in the name of the corporation or S-corporation. Ownership in a timeshare. Ownership of a vacant (residential) lot. Ownership of a property that is held in the name of an LLC or partnership where the borrower(s) have an individual or combined ownership in the LLC or partnership of less than 25% and the financing is in the name of the LLC or partnership. Ownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).

But like many others I was scared of what the future held....could I lose my job?

If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable.

A little moisture in the basement: It held 5 foot of water last springI have seen a ton of those "just needs carpet and paint" phrases, and only found one to be true.

Buy brick instead of frame; always put at least 20% down when you buy; FSBO everything you buy and sell; get a GREAT real estate attorney and have established commercial banking relationships; try to take 15 yr. financing so it will pay down the mortgage fast and never, ever refi money out of your properties and start your mortgages over after you've held them a long time.