You're not buying a house, you're buying a vehicle to make money.Sounds like the lady would be better off selling to someone that's going to live there rather than someone that's going to flip.Unless she's in a bind and needs the money, in which case what you think you are able to afford can solve her need for cash.

@Hayward Bryant Jr look up abandoned vehicle laws in your area.

I also, returned the money back to the credit line and sold a vehicle to earn the rest of the capital needed.

I sold a vehicle to cover the amount owed so the bank will see that it's not borrowed or gifted capital. 

For those living outside TX but investing there, while you nay have higher property taxes, some or all if that is typically offset by other items being less expensive or rents being higher to cover the added costs.In my opinion, real estate, no matter where it is, is a much better investment vehicle than stocks.

All you need is a string of bad luck and you'll lose the investment without savings and your cashflow will be too low to make a proper reserve for a while.Also, if you sell your primary vehicle what are you going to replace it with?

In Canada you are able to deduct the following expenses:advertistinginsuranceinterestoffice expenseslegal, accounting, professional feesmanagement + admin feesmaintenance + repairsproperty taxestravelutilitiesmotor vehicle expensesFor expenses incurred in the purchase ie. legal + renovations - those are added to your capital cost allowance and not deducted

We have a loan on one of our rentals and a vehicle besides the house we are selling.

They also have an abandoned vehicle on our property. 

For me, I think I would have been much better off investing in truly passive vehicles and spending the time on my career or on earning more.3.