The seller told me that the tenant is behind on payments.Are there any special considerations when dealing with removing a rent to own tenant that is behind on payments?

As long as the person you are birddogging for is not a real estate licensee, it shouldn't be a problem.Under Texas real estate law, licensees are not allowed to pay consideration for referrals, defined as anything of value, to someone who is not a real estate licensee.

Many years in the future, there may be a consideration of refi interest rates for cash out (although not Fannie Mae, having more than 4).  

That was a considerable achievement by itself.

Even though it is next door moving always takes considerable effort.

Now that we have kids, I understand this consideration on a personal level. 

One of my master's is Ex-Phys, PT was another consideration...best of luck!

I've been a member of the site a little while now, and I've been networking, reading forums, listening to podcasts, reading books and sitting on webinars in an effort to learn as much as I can before I pull the trigger. 

Belize has changed considerably over the past 20 years.

If you wanted to do a wrap, you'd need an attorney that can utilize the power of a Texas Land Trust, structure the contract to handle the assignment of the deed of trust, and have the exact correct terminology in the contract and on the land trust to ensure the first mortgage holder retains the proper role in the transaction to prevent the "Due on Sale" clause of their mortgage from being triggered.