This only works on flips and BRRRRs, otherwise you won't be able to pay off that much debt unless you have other sources of income coming in.This is what I did on my last deal in TX. 

Purchase price: $198,900 Cash invested: $36,000 Primary home till we flipped it to an STR after purchasing a new primary.

I call it radical transparency.The last ditch cure for a DOS clause issue if to do a deed flip flop -- deed back to the borrower - show this to the bank -- deed it back to the buyer. 

My issue is that by having her accept the offer you are not in control and not dictating the outcome.  

The house was a classic grandma home so either a cosmetics job needed for a rental or a full gut for a flip.

If nobody redeems during that lawsuit, and nobody with redemption rights demands a public auction, then the judge will foreclose your liens, quiet title in you, order the clerk of the court to issue a deed to you, and you will own the property, free and clear of any liens or claims.

Yes, we flipped it to get a chunk of money to invest in other properties, but the chunk somehow slowly disappeared taking care of 3 kids, eating out, etc.Maybe what I learned is to get your financial house in order first. 

The RE license is issued in sequential order, so someone who has a license number that starts with "01956733" will have been licensed longer than someone who has a license number of "02166837". 

"couldn't confront the tenant directly because he manages it remotely from Oregon"....... what a horrible cop outThe city could document the HUNDRED of night the unit was booked as a STR....and the LL made ZERO effort after the first issue to monitor to see if hit the STR market again?

Investment Info:Single-family residence fix & flip investment in San Antonio.