They also count against your father's DTI as he is also responsible should you default. 

So, I was looking through a few recent foreclosure sales locally and found a house down the street from me with a market value of $145K, and the default was for $113k, and reportedly was purchased back by the bank, and then sold to an investor for $500.

The $100 per property managed will be more than your no money down deal without any of the risk and you are already a PM by default.

My business associate Chris Kennedy and I usually write Ln additional clauses the following statement: in case of buyer's default escrow should be the sole remedy....

You had a Performance Deed (Default) clause in the contract?

If you have A-class in Austin, eviction may be very low on your list.Here's my default instructions for researching managers:Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

However, the interest rates are less exorbitant (probably because the collateral is much easier to collect on in case of default). 

If we default on a debt payment of any amount or currency will plunge.

Couple of questions:- if a borrower defaults in a nonrecourse state, will an LLC protect them from a big hit to their personal credit?

So you have to go through a complicated process to get the buyer out if they will default.