Like Bjorn said, there are a lot of overpriced properties currently so value add projects have been more popular in the current market as you can get in much cheaper and create value. 

Forming a Homeowners Association is a good idea, but can a HOA legally enforce rules and regulations on neighbors who do not comply?

If you think $50 in late fees is enough to offset your risk, you are in for a rude awakening.By accepting these late payments, you are giving her the impression your rules are negotiable or unimportant.

Their job is to ensure that the paperwork and inspections etc are completed in accordance to Federal, State, County, Realtor Board and Broker laws, regulations and rules ..

*This post does not create a CPA-client relationship.

Rental income is by definition passive, so it is subject to passive activity loss (PAL) rules.

Usually your state and local landlord/tenant laws specify how to handle abandonment so just read up on those and follow their rules. 

Here are some considerations for investing in a duplex in the Dallas area and potential alternatives:Investing in a Duplex:If you rent out one property, you can possibly create positive cash flow by partially offsetting your living expenditures.If you're an investor with limited funds, duplexes could be a more accessible alternative because they may have lower entry expenses than bigger multifamily properties.Perform in-depth market research in the Dallas region to pinpoint communities that have high demand for rentals and good prospect for real estate growth.Take a look at owner-occupant-friendly financing choices including FHA loans, which frequently have less down payments.Make sure you have a well-defined escape plan.

Here in Colorado, Airbnb laws vary widely from city to city and county to county, so with with someone who keeps abreast of the STR rules. 

Hey @Christopher Eduardo, Please talk with a tax lawyer to make your final decision, but in general: In a Chapter 13 bankruptcy, a debtor creates a repayment plan to gradually pay off their debts over a specified period, usually three to five years.