Laws are generally skewed in favor of the tenant so I would dot all i's and cross all t's in everything you do.

We have done a feasibility study and the study indicated favorable prospects for the project.

This seems pretty risky to me given the favorable foreclosure laws in Texas.

Personally, I'd hate to be put in the situation where a contractor I don't know and who is about to start work on my property comes asking me for a favor -- it just puts me in a tough spot.That said, I have a contractor now who I'm starting to mentor.

It is done through the tax favored wealth creation vehicle of capital gains.

Banks don't look favorably on refinancing a conventional loan so quickly after closing on a new home purchase loan.

I've read one of Josh Dorkin's posts/articles somewhere here on BP(unless i'm misunderstood) that he doesn't favor writing a check to the seller or using the property's equity for that purpose, instead he rather give the seller a promissory note stating that he will pay the seller within a certain period of time after the property has been sold.The thing is I'm planning to buy & Hold so i won't make any substantial gains to pay the seller with and i don't have money handy to just write checks...

Do yourself a favor and take steps to reduce your risk.

The lease was not transferred in my name, and I refuse to take over the lease due to less than favorable contract terms.I'm interested in purchasing the system and wondering if I'll be entitled to any state or federal tax credits?

The cap rates are still favorable in many parts of the Dallas metro.