Maybe it was chosen for it being less likely to mold than drywall.

What even shocked me more is that apparently board members of the RICH Club know about his actions but they have chosen to turn a blind eye to it. 

You can imagine from all the work you already put in as the owner... is nothing compared to what the GC has to do just to put together a bid, it takes months to get an accurate bid...and that’s if you already have plans and engineering, not to mention a schedule of finishes already chosen (every color,detail,handle,tile etc).

she had a gambling habit. 

Im new to this and want to make sure my investment has good results.ThanksBefore you run off and join the circus, read the 4th post at https://www.biggerpockets.com/forums/79/topics/1001612-pace-...You will hear a lot about the guru and if all you want is to "feel good" with other people who want to "feel good", this may be for you.However, If your goal is to learn how to buy properties legally and safely and stay out of trouble try:SubTo - Before You Spend A Lot of Money on Subject To - Read This - Wisdom at Workhttps://www.biggerpockets.com/forums/50/topics/1141525-subto-before-you-spend-a-lot-of-money-on-subject-to-read-this-wisdom-at-workUsing Subject To, to Get "Free" Properties https://www.biggerpockets.com/forums/311/topics/1060320-using-subject-to-to-get-free-properties-a-quick-guideline Using Creative finance is a powerful tool, when done legally and safelyBeware of what your chosen mentor is teaching

Memphis is a great cash flow town and you have chosen your turnkey provider well.

Aside from the returns, there can be more headache with condos depending on the people that live there and run the HOA...that's often times the bigger gamble ;)

We have tentatively chosen Dallas-area as our first market to dive into as it seems to qualify for the signs of a healthy market (population growth, business/landlord friendly, etc). 

Even if there's a small chance of getting caught, I'm not going to risk 18 months in the clink plus big fines and having my loan called plus ruining my creditworthiness just for a lower rate personally, but I'm not a gambling man."

Because the lien holder has not chosen to foreclose on the lien yet.When you bought this is when this should have been uncovered.