I'm not experienced enough to fully answer with details but I think you need to look at short sales and subject to to help close this deal.

Once, I control the deal, I have flexibility to let the owner stay there or resell the house.So, has anyone here on BP experienced buying notes "one offs"?

But there are a whole lot of people in the world who don't think like me.I'd be interested in hearing some of the more experienced BP members voice their thoughts on your proposal.But the last question: Is there a rental market here aside from the company employees?

Reverse engineer it to determine how it is/was offered as an investment to qualified investors.2) Many, if not most hotels, are split into separate entities.

Or you could have this checked by structural engineer, or architect.

A friend of mine once commented that an old girl friend of mine and I were not really in a relationship as much as experiencing dual obsessions flying in a formation of two.

Are you an experienced investor or is this your first or second property??

@Joseph Murders My focus is on single family/small multifamily rental investing, although I wouldn't be opposed to taking on a few flips down the road with an experienced flipper!

It a great group of experienced investors, both friendly and saavy, who are well networked in Austin: http://www.meetup.com/REALESTATEinvestormasterminds/Another BP member and I recently organized an unofficial BP meet up the second Wednesday of the month at Starbucks in Randalls grocery story (3300 Bee Caves Rd) @ 10 AM.

I just want to learn how to put the whole package together and hopefully find some opportunities.Of course I would be happy to make connections with investors who need an experienced contractor too, but I understand the rules about where to talk about that.Thanks for a great website and group of people.