The land has been in the family a long time, so they don't want to lose the land to someone outside the family.

We honestly don't know how to generate income for ourselves pursuing this new venture as neither of us have a TX RE license.

I'd just give her the money so you don't end up losing both of your tenants.

You have to tell the seller UNLESS I can perform very detailed due diligence on this property and see ALL units I have to plan for the worst and you will lose equity for what I can pay because I can't validate things.The better records and validation the better my offer can be.

My guess is you and your investors will lose every dollar you put into the deal unless you are hotel experts.

I'm guessing that you'll lose money on this in the long run.To figure your cash flow you have to take into consideration all of the expenses of maintaining a house.

There are a lot of others as well if you want to venture a bit farther too.Keep active here on BP as well.

This would enable you to get into the property and not lose the deal.

It's great because I don't lose rent and don't have to deal with switching utilities.If you have a good relationship with your current renter, it really helps with the showings and transition.

It is important that your wife is happy, but if you are unable to build up a reserve fund, what happens if you need to replace your roof, AC, repair your car, or even worse you lose your job?