Too close to a securities law violation and easy to mess up.

If you followed the process then you will be OK and things will be settled up.It is not pretty but...Granted when the stuff really is trash haul it away.

Granted the seller might mess up the deal or otherwise be a pain if they find they got into a deal they did not expect.

Technical point.You give the lender the mortgage when you borrow money secured by real estate.

Granted it is not likely he can.If you are prepared to lose your investment and pay court costs then move forward.

Cash must be used to pay security deposits and expenses not allowed as deductible ("boot") exchange expenses.

As you will be fixing the place up their security is improved in many ways even though they are in second.John Corey

It's a combination of having a more secure stream of business that we can rely on (arrogance to some degree), having lots of work to get done, having heard just about every sales pitch from every investor in our market, and also knowing that in most cases, our properties sell themselves; whether you buy it or not, it'll sell.Like all listing agents, I love earning both sides of a sale.

Safety and Security are ALWAYS the number one concern of tenants, and they should be yours as well.

Granted this is just my opinion, but it is based on 28 years of experience (including the '80s collapse of the TX market) and some careful looking.I've noticed more For Sale signs in Austin and San Antonio lately, including too many on NEWER houses in NEWER neighborhoods.