I have been studying real estate investing in my spare time for several years and my father and grand father have always owned a small handful of properties (in CA), so I've had some exposure to the gig.

@Peter Turner Look up the 50% rule using the search tool on the top right hand corner of the forums.

exactly....you would NOT believe what we have seen pulled out of the blower motor because they removed the filter (but forgot to replace it).We even had one filter so clogged it got sucked into the blower motor fins & was subsequently shredded.I can remember the days when you had to go in once a month & oil the blower motor bearings by hand but those suckers ran forever.

There are too many variables and I doubt having another borrower would always be discounted off hand as a minimum policy as there are usually exceptions.But, would I think you were trying to sneak one by....?

You can verify a deed changed hands by simply looking at public record.

Would love to hear from anyone who has great hands on experience...owns property here...and hopefully has lived in Austin for a while.I've traveled all over Texas for many years on business but never made it to Austin...It just seems like a really hip cool groovy place to live and work.

I have garnered a wealth of information from Bigger Pockets, since I started browsing this site, and the information provided, is all practical, cut to the chase topics - geared towards personal development, as well as giving a hands on approach to investing.My background is in the administrative/clerical field, in addition to have owned and operated a cleaning business for 8 years, then went into the insurance, then medical field.

I went to the Lake county sale today and they handed out the sales for the day with the minimum bids which was super helpful..

What paper do I want in my hands that will provide me a good level of assurance that they've gone through the necessary steps?

I have read more or less every real estate book I can get my hands on here in the last 3 months or so.