Once you know you can find deals, have connections in your market, figured out the type of investing you want to do, and have your 5 year goals defined this question should be very easy for you to answer.

I think you're wise to diversify your investments and many in the angel investing arena in the Austin area would do well to do the same.One thing that you may define is what your goal is with real estate investing.

Any relaxation of said rules is beneficial to us RE investors, however, as Jon eluded to, I doubt it is as broad as Yolanda stated.

Regardless of the above, I believe the Nominating Committee's role in selecting candidates for election to the Board should be limited to determining their eligibility, which is defined by the documents, so the electorate can decide who is elected to the Board.

And if you do advertise, you're limited to ONLY accredited investors and you have to take steps (not well defined) to ensure they're accredited.

Only private, and then I look to pay those off either organically or another way at maturity.Now - if a bust is defined by rent rates tanking then we are all screwed.

Is the child 17 and going to move out in 6 months and they definately won't make it.

I don't know that I would define either so differently than you and others have done.

Still some information needed to really give you sound advice.You're calling this a "foreclosure", but often people use that term loosely, so defining some more specific things about this opportunity could get you some other info.So, is this already owned by the bank?

But, they can, in some areas of business be very enforceable so it's best to get a copy, say you want to take it home and discus with mom, or dad or the wife and have an attorney look at it.Often, people make up non-compete agreements and they are not enforceable in areas of business unless they are very well defined, reasonable in protecting intellectual property or customers and such data significant to that company, they are often going into non-disclosure agreement rather than non-compete, and that may make them harder to enforce by not addressing the proper type of agreement to be made.While some guru may be able to protect certain phrases of a contract, he can't keep you from using standard contract agreements.