Both Dallas and Austin are touted for appreciation more than cash flow (I've read that it can be downright difficult to get Austin and Dallas proper to cash flow due to the property values there), but if you look in the suburbs you might be able to find something that can work for you if you find a good network of support.

Everyone is saying 1-2%, but that is for a syndicated deal, where the GP fronts the expenses out of their own pocket such as PPM, Phase I, costs to inspect the asset...I don't see any of that in this deal, so I'd say the proper acquisition fee in this case is 0%.

The sale will only extinguish matters which are junior to the creditor asking the Sheriff to sell the property matter that have been properly served. 

I am not a masonry expert or engineer, just a carpenter that knows doors and windows need a proper opening and the weight of a building needs to be supported.

Especially on 100+ year old buildings & especially if you don’t have scale.For buildings like this, you need to go through a whole building’s mechanicals and capex items and estimate a monthly capex number properly. 

Please guide how to handle it properly?

@Andre P.The reply to name does not work properly on a phone for me, need laptop.I hear what you're saying via your response to me, but what you need to understand and hear is that you're focused on the wrong things. 

I didn’t read where the two of you have ever had a run in or even a conversation with each other.Ultimately though, it sounds like the biggest thing working against you in this scenario is that you are on a month-to-month agreement, which means you could have moved out at any time with proper notice if you felt so unsafe.

I know a lot of people who don’t do coaching any type of coaching and they make a lot of expensive mistakes that could have been avoided with proper coaching and guidance. 

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.