Ive seen condos there for $10k, might be a terrible area, but its $10k. some HOA's DONT allow rentals, or restrict number of rentals allowed in complex.

They won't call about ever loose knob or squeak, heck they might even pull out a pliers and tighten it themselves.

Home is not in a HOA, not really in a subdivision, we're just one street with maybe a dozen homes.We have deed restrictions, but those restrictions pertain to what type construction is allowed and livestock (only horses allowed, with a limit of 2 per property).

I am not sure if there have been any legal rulings on using this "loan" for self-dealing activities, but from everything I have read there is no restriction on what you can do with these funds.

I really like purchasing via seller financing its so much better than dealing with banks and all their exorbitant fees, delays, and restrictions.

Just seems strange that such a restriction would continue to apply once the property is fully paid for.I ask because I'm staring at a great wholesale deal (would be my first).

Any home 4 units and under will have exactly the same funding restrictions/rules.

I absolutely agree that there are valid reasons, and I sometimes do it myself.For me, the most common reasons are:1. 90 day deed restriction -- I don't feel like waiting 90 days to resell to a retail buyer, as i can do the rehab quickly.

He is very discouraged as it all tightened up while he was in college and now that he is able to invest, it seems too many roadblocks have been put in place to build any momentum.

It seems to me the more restrictive and bureaucratic other places become, the more TX benefits from companies and jobs coming in to escape overly burdensome policies.