I just want to analyze the whole issue from a legal standpoint.

Hi Andrea, You may already have this info, but here's the site for the JoCo tax foreclosure sales: https://www.jocogov.org/dept/legal/tax-foreclosure...There isn't one scheduled right now.However, there are regular foreclosure auctions in JoCo as well. 

Hello BP, I have a potential legal question. 

Is there any legal documents I should have them sign if they approve of my tenants or would just an email with approval suffice?

Ok the scenario.
Recently closed on an investment townhome with a nicely landscaped back patio.......a small but clean little trek deck and some nice pavers that created an attractive useable space.
So then I get a c...

Just wanting to make sure all my bases are covered from a legal perspective. 

Let them threaten legal action. 

My understanding is that these two should not be the same; however, I can see this being possible since an LLC is considered it's own separate legal entity.

I am not familiar with the laws in Texas nor have I ran into a situation like this but I would imagine you would need to involve a lawyer who specializes in land.Being that the owners do not want to sell the actual property the home sits on, I believe that would legally mean (*I am not a lawyer*) that at any time they could say "Hey I want to use or sell my land, get off it by tomorrow" and they would have the right to do since they own the land.Also, another hairy situation with that would be who pays taxes?

The good news is we are living a lot longer, the bad news is we are not prepared for it, and the financial and legal services industries are very traditional and slow to evolve.