I could even see the selection of tenants from afar as being a great way of avoiding being accused of any breech of fair housing standards.

I only know that Texas RE law is one of the strangest I have ever dealt with and that the above law firm was the one my company trusted to make sure we did not cross one of the very unique laws in Texas.

In addition, there is one final matter on which I can assist you … it is in the preparation of your “corporate resolution” OR “resolution”….NOTE: Some investors have a LLC for their buying-selling (“flipping”) entity, others have a “s-corp”.Please be aware that you make an “s-corp” an “s-corp” by filing an “s election” for your corporation entity with the IRS.

I was able to purchase that at 200k, put in 20k, and now I collect rents of 2600 per month.Much better spread on my 1300 PITI.The investing will always be there, but you may have to work harder, dig deeper, and be more selective when your borrowing rates change.I remember one investor from a bit back that had a 10/10/10/ strategy. 

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:HOA or condo feesCode Enforcement for debris removal or mowingDemolition or Environmental Based LiensState child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgagePersonal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgage

Real estate investing and your strategy will be unique to you, therefore you should spend time thinking about (1) your particular goals, (2) the lifestyle you'd like to lead, (3) the risk you're willing to take, (3) the amount of work you're willing to put in. 

Hi Paul,Welcome to BP, this is a great website and resource for all types of real estate investing.I always recommend these 3 things to people beginning in Real Estate Investing:1) Do a lot of research here2) Do not spend a lot of money with coaches, it would be much better to put that money to work and learn from experience, I'm not against coaches or education, but you need to be careful as there are some that are really bad3) There are many real estate clubs out there, visit them, select your favorites and meet other investors working your area.

This will give some exposure to the vast world of real estate investing and all the unique ways to get into investing.

Tenant selection is the most important aspect of residential real estate IMO.

I thought he had a unique perspective, and could see how newbies could be inspired by it.