In fact, by giving notice to the lender before you buy, you will actually avoid that.

It sounds like there is more to consider and I"m open to suggestions, and would like to avoid getting caught in a crossfire about compensated mentors.

Avoid "might as well".

I could save a few bucks by shopping around, but I had a bad experience with a no name company a number of years ago so I opted to pay a little more just to avoid further headaches.

Californians, who want to buy or invest in central/downtown Austin.

I cannot afford another loan from the bank.. with 20k is there any other creative financing that I can use to avoid the due on sale close... people with high equity is very very hard to find.. 2. also if i dont record the "Memorandum of Option with the county courthouse" than the bank cannot find out that i have an option becuase it is just a standard lease right?

(I actually avoid low priced homes, as they are the ones that cause all the issues...)But, you may want to look at:$93,000$4500 assignment fee$895 rent$2400 total seller concession towards funds to close.

Try to avoid that if you can.

This avoids a dispute later when the tenant says "yeah, I know that lease says security deposit was $500, but it was really $1000, we just forgot to update the lease."

Some of the solutions being discussed like eminent domain to avoid FCs have never been considered before.