My reading finds the Court simply reciting the Hornbook law that a quit claim deed only passes the title the grantor has and no more.(769) "See BLACK'S LAW DICTIONARY 1126 (5th ed. 1979) (a quitclaim deed is a deed of conveyance intending to pass any title, interest or claim of the grantor, but not professing that such title is valid, nor containing any warranty or covenants for title)".Even if the decision says what you think it says, I believe Sec. 13.006 of the Texas Property Code now codifies criteria that satisfies some of the concerns title insurers had that resulted in their hesitancy to insure titles with a recent QCD in the chain. 

I think they will also feel ENTITLED later to do what they feel is necessary to satisfy themselves, without much regard for how it may impact you or your business or your personal boundaries.

., whose address isPO BOX 1234 COLORADO SPRINGS, CO 80949The grantor, by an agreement dated even herewith is indebted to the beneficiary in the sum of$[RETAIL VALUE – PURCHASE PRICE] Principal and interest are to be paid in such manner and at such place as designated in said obligation.In consideration of the obligation, grantor hereby grants, mortgages and coveys unto said Public Trustee all the real property together with all appurtenances and all the estate and rights of grantor in and to such premises described as[INSERT FULL LEGAL DESCRIPTION – OBTAIN FROM O/E REPORT-USE LEGAL ON CURRENT DEED]also known by street and address as [PROPERTY ADDRESS]The grantor covenants that at the time of this Deed of Trust, he is seized of the property in fee simple, and that said property is free of encumbrances, except the existing 1st mortgage/deed of trust.If grantor satisfies the obligations secured by this Deed of Trust, pays all taxes and assessments, maintains insurance against fire and other hazards, and does not suffer or commit waste on the premises, then this Deed of Trust shall be void.It is agreed that in case of default in payment of said principal or interest or a breach of any covenant herein, then said principal sum secured hereby and interest thereon may, at the option of the beneficiary, be declared due at payable at once.

@Ray Harrell,   Buyer is not satisfied with the condition of the REal Estate as revealed by the inspectionsIf written settlement of the condition of the Real Estate is not reached within the settlement period , buyer shall have the option to withdraw written request for correctionsorIf Buyer is not satisfied with the condition of the Real Estate as revealed by the inspections and desires to terminate this contract, Buyer shall provide written notification to LIsting Firm or Selleer, that Buyer is exercising Buye's right to terminate this contract withing the Inspection Period and this contract shall be terminated

A timeline to resolve each of them will help and keep in mind that keeping a very satisfied tenant will generate that solid cash flow you're aiming for.

I can't say that me myself, have reached "cruising altitude" and am on the beaches of Bali. but I can say that things have become easier over the years and when you have done over 100 transactions, the next one becomes satisfying but less and less of a big deal.

So as soon as the value of the new construction reaches 200K then you can use that property to satisfy your exchange.

They can scarf your checking/savings acct to satisfy defaults.   

This will satisfy the bank and be a cure for the default but your contracts have to be solid and state all this stuff and the seller has to be on board for all of these challenges when doing a SubTo.

Any satisfied customers that can jump in with any further info for the group?