Hi everyone, I have a bit of complicated deal (atleast for the inexperienced) Please let me know what your thoughts are and how best for me to proceed.This sfh came to me from a friend, apparently his father went through a mid life crisis, the ex wife got most of everything, anyways he is 5 months behind on a rental property he has owned for 18 years.

Best regards.END ------- ----------------I really believe the Lease and Contract For Option in Texas is a great tool for the Texas REI in this credit strangled market.BrianPS one of my favorite quotes is Ben Bernake: http://www.reuters.com/article/2012/05/10/us-usa-fed-bernanke-idUSBRE84911720120510even worthy borrowers can't get mortgages"To be sure, a return to pre-crisis lending standards wouldn't be appropriate," Bernanke said.

But, over-all, real estate investing is strong in any economic cycle.

I download data from their system weekly that I automatically use to generate a host of reports that give me a detailed P&L, ROI numbers, physical/economic vacancy rates, time to fill vacancies, average duration of tenancies, etc.

There's also the "Inside Job" which explores how changes in the policy environment and banking practices helped create the recent financial crisis.

All things with a grain of salt, do your own due diligence.The thing I'm most interested in from the tax returns is their vacancy rates (ie. economic vacancy) over the past couple of years, to see if they've had trouble keeping the place consistently filled.

I have a finance & economics background.If you get a chance, leave a comment and say hi,Thanks!

Look up "sham transation" if there is intent to profit or advance some economic benefit based on a false claims it opens the door to acting fradulently.

Over the years we have borrowed against the property to buy out three sets of partners, to buy other investment properties, and to live on in the lean economic years.

economics aren't great but they have been in business for 4 yr. the only reason I bought it was because there was a tenant. commercial vacancy is HIGH here.