They were just obviously bad with money management.Me being more knowledgeable and learning on this forum and doing multiple lawyer consults and more reading would I do it again NO especially with the judgments in the State of Texas it is difficult to collect on debt bc you can only garish wages for child support so Texas as a state holds a lot of debt. 

By the advice of a real estate lawyer, we moved all funds to one account then started using quickbooks for our bookkeeping.  

I have read through different forums and not found someone with a similar question so I thought I would post. I bought a triplex in Knoxville, TN under my name and have been rehabbing it. I’ve been house hacking it wh...

Syndications can be great, but you really need to know what you're doing, have a great securities lawyer, and be willing to jump through all the hoops.If you could lock down 2 investors willing to put in $200-250k each, that would be easier to structure.

@Jeremy Shanks - you may want to consult a lawyer (as it may take a letter from one to shut this down). 

@Jason Kim I know people who hired a lawyer and were awarded their money back in exchange for the property.

In some county you may have to notify the property appraiser that there was no change in beneficiary to avoid this problem.If you want another real estate lawyer point of you on that topic watch Clint Coons Youtube video.

Not a lawyer but been a long time LL...  

My lawyer said that he personally has never seen a loan called as long as the mortgage is paid every month.

I have a good RE Lawyer who does LC's so that's a plus.The couple, though, has a daycare that would be in the house and that concerns me.