They have money to support 10 extra relatives that are even bigger money pits than your tenants, but don't have the $150 that section 8 requires them to pay (of their $1000 rent)!

TX is a "relatively" easy state in which to get started as a developer and builder.

BSO stands for Bright Shiny Objects.They chase the next shiny object they see.If you want to get your business going, you have to seek out the REAL investors, the ones that have been around and know this is the time to buy!

Scott,I sent you a PM related to this thread.

It also makes a difference how the person is positioned relative to a foreclosure.The one losing the property, the lender, the buyer of the property...John Corey

Your situation does not seem that complicated, but there are not enough details in your post to really understand where your parents are at, why they did what they did, what your parents goals and objectives are, etc.

If the above is not clear or you just want to ask related questions have a go.

If you were not focused on helping this lady you could find a property deal.There are ways to combined the two objectives.

Am so delighted to find a :groovy: community that I can relate too.

The title issue is more related to estate planning.