Here is the link I was referring to:http://www.credit.com/news/credit-debt/2010-07-18/new-credit-check-requirements-cause-of-concern-for-mortgage-lenders.htmlThe impact of the new legislation will be subtle at times and very obvious at other times.

I too live in Houston and will hopefully do my first flip in a few months.Hope to hear good news...

http://www.dailyreportonline.com/Editorial/News/singleEdit.asp?

Good news.

Run the name of the borrower through your local legal news potings and at the court house for any suits, bankrupticies and actions of public record.

You may have recently heard from local TV news and articles that rents are not only rising here, it's outperforming other markets.

Bad and very expensive news...Chances are you do not "own" the exterior of your "home", so the hoa CAN tell you to NOT install anything anyplace on it.I'm not a lawyer and this is not meant to be legal advice, just a different perspective.M

It has become my personal goal to spread the great news about the opportunities in Real Estate for those who never have even considered it.

The only good news about this one, is the govt can't mess it up further with new regulations1. no more than 4 mortgaged properties.

People need to read more and if they watch TV, watch something besides Fox News (which really isn't news in my opinion, more like Fox Propoganda) There are three other national braodcasters.