(And I can never figure why someone in a high income tax state with low property taxes would choose to invest in a high property tax state with no income taxes)   I would also say that DFW experienced some long overdue run up, but that I can't possibly see it being sustainable.  

@Chris Luger I can tell you from experience that issues with the HOA during the time when trying to sell will make the sale process veeeery cumbersome, lengthy and possibly will cost you a decent chunk of money for various reasons.With respect of the building currently being unwarranted: you didn't say why.

I have heard this can be a lengthy process but not real able to find much on Google.

If you opted to go this route, I'd recommend a lengthy conversation with at least one, or ideally a few people who have done this before.

There is a process to pay less for a property then the overdue taxes but it is not common and you need the clerk to help.  

The current look back period for transfers that are not arms length is 5 years. 

His story, which I believe, is that he sold his house, (which his sister and mother were living in), made a profit, acquired a new house and wanted to relocate his mother and sister.I have met with him, I have had a lengthy conversation with him and I frankly believe him.I guess where my question was trying to lead was: how do I construct the lease to include him as the payee.

The other option, buying a single family that's overdue for upgrades, and slowly chip away at things to add some equity.

@Patrick Livers this post is going to be lengthy but it will be the exact information you need to have.  

The evictions can be as short as 3 weeks in LA but average length is 6 weeks and I get your point/math.