Be sure to join RICH club in Houston, I did many deals from contacts I made there through the years - great place to learn, network, and socialize!

I'm sure there must be someway to account for it, but I'm not sure what it is or what information is needed (i.e. do I need the person's social security or tax ID #).

At first it was interesting to be kept up to speed as to law changes, networking with other investors and just having a good social environment.

This is not to say they couldn't let you off the hook, but if they want to seek the deficiency you'll end up paying it, IMO.It can make life rough, you open any bank account, they can nab it, they can take future assets, they can garnish wages, they can even take it out of your social security payments!

I lived across the street from our municpal judge and asked him about it, he said sometimes you have to get things done on your own toughness.I let it be known at work and some pilots agreed to look for him as a training mission, flying search and rescue patterns, tha is a valid training mission.

You have higher turn over and more social problems with the tenants.

Another example of the lack of regulatory oversight by banking regulators.It's also an example of the cultural attitudes favoring profits over social responsiblity, over the integrity of our financial systems and what illegal activities seem to be an acceptable risk for profit.For those who would like to see government(s) get out of business and stop regulating or enforcing rules, here is a good example why people and corporations can not be trusted to regulate themselves.....people cheat if they can!

It’s become socially acceptable for people to walk away from their house.

I'm also part of a social club in SF that definitely has some "old money" but there are a lot of locals still around that like to only deal with the few remaining locals we have left.

The planners, if they are doing their job, should be addressing blighted areas, identifying them and seeking solutions.You'll find that this area of RE takes in all kinds of social aspects along with physical building issues.