@Mark Sewell this home was in the Bear Creek neighborhood in Katy. 

I am 24 years old with about a 700 credit score and my brother is 21 and bearly starting his credit.

I suspect your getting  a No money down owner finance becasue the owner knows exactly whats up.and is laying off it major cap ex on a couple of newer investorsI would make sure it you had to replace the roof and flat roofs are a bear I would think especially in snow country.. if you don't plan for it you could find yourself upside down.and thats a good though even though you dont have any personal exposure.. seems like it could be a major time suck.and for sure you dont want to refi out unless that thing is totally fixed then your putting your credit on the line and maybe PG's as well.sometimes no money down owner finance you will find that as i state are really not that great of deal your simply buying into major issues.

Has good lecturers but high pitch folks bearing watching.

You can close the doors and walk away, 1 big bear proof box.

The fact that the property is underwater has no bearing on a right to foreclose or allow the mortgage to be reinstated, and why would they want it?

The time value of money, coupled with the unknowns in the construction / rehab phase (contractor challenges, unanticipated repairs, etc), require problem solving skills you learn on the job, since they're specific to the project.The other thing to bear in mind is that flipping houses is most profitable during the recovery phase of a local real estate cycle that leads into the expansionary (new construction) phase.

Why do people think that other people's insurance has any bearing on their own liability?

Hello all,This is my first post so bear with me.

This is fair since we are forcing the individual whocreated the costs rather than a third party or society to bear those costs.