The street is nice and clean and there was one 5 doors down that rented for 1175 same size and floor plan etc.  

If you find something sub-to, you probably want to clean it up and sell it with the buyer getting a new loan or paying cash.If you got seller financing and the seller did not have a loan on his property AND he is ok with you wrapping his loan, DO IT. 

C-, really D neighborhood,   Why is seller selling, seller not raising rents, and how many bombs (issues) are you going to clean up.  

From this I learned the best strategy to clean out a building. 

Clean - straightforward Investment Rollover.

Tenants that have good credit, a job, and a clean record can pay the same money and get a much better place.My strategy was to take care of all of the problems up front, put in good tenants and let it make me money, rather than have it nickel and dime me and require a lot of active management.   

So luckily I had a friend looking for a two bedroom house so she's renting it and I waved their deposit so they even cleaned the entire house out of all the junk left behind by the lady I had to evict.

Linda,Thought you mentioned that if we Perfected the instrument it would be a legal deduction I have everything clean it has just not been recorded, but the warranty deed has been notorized.

New to Texas and need to know what kind of bond for a small construction and cleaning business, need bond agent in area, pref South Austin- Thanks!

What are my legal obligations in terms of sending him notice on not getting his deposit back either as place was not cleaned, major carpet damage done, damage done to trim, trash left etc....?