Seeking help with the search for and acquisition of distressed, old, underutilized property in South Austin (between Zilker and I-35 & Riverside and Oltorf).I intend to execute a tear down and/or implement significant additions to increase the density of an existing single family lot and/or small, old home.

If there are 8 separate owners listed on the warranty deed you would have to have all eight execute a new deed transferring ownership to you.

Some may say to explain to them that you have costs associated with their rental that need to be paid- but I don’t subscribe to that.As a federal employee I am very sympathetic to what your tenant is going through- but again- sounds like he is testing the waters.I would also add that I do not accept partial payment and if you do decide to give them a break I would have them, and the other tenant, execute a formal commitment for the money owed, for what and why so that you can go after them more easily when they decide to take their windfall back pay and upgrade their living arrangements.

Curious how they have an executed copy but you do not?

If your contract with the seller creates a fiduciary relationship with them, you'll have a hard time proving to a judge that letting you buy the property at a discount was a better option for the seller than putting it on the MLS.Remember, the RE license laws are in place for one purpose only - to protect the public.The other place wholesalers go wrong is executing a contract that says that they intend to buy the property when they have neither the intent nor the ability to perform. 

Unless you're in the over $150K price point (where there's more margin for error), you're going to have to execute a Long-distance BRRRR perfectly...it's not even that easy to do that locally (with lots of relationships). 

Employees must live there for 5 years to keep the full benefit, and it is prorated by 20% every year until fully forgiven.In the neighborhoods north of Delmar $8500 would be enough downpayment to buy some of the nicest houses with 3% down.Keller Williams Young Professionals hosted a lecture by Hank (Henry) Webber, executive vice chancellor and chief administrative officer at Washington University, Board Chair of Cortex Innovation Community and Invest STL, and Board member of the Arch to Park Collaborative.Some points from his lecture:- St.

I don't want to sell them.Rent to own is generally not successfully executed by the tenant. 

In my mind its better to go pitch your concept or idea put the money together then go forward and execute. 

What makes the most sense, using a contractor to execute the rehab or go with the more hands on approach?