Big thanks to Steven for taking the time to discuss this and other tax matters via phone today while being sick!

@Doug Spence Most of the people where I live are just plain ignorant and uninquisitive.

Yes, it is a rotten thing the seller did, just plain greed ...

if you are negligent, shady or plain wrong, you are screwed and deserve to lose.i will look into the llc for my management company but will stick with owning properties in my name until i get enough to take the next step...possibly as i get 4 or 5 paid off, then transfer them and lump 4 or 5 together.

We talked for a little while and scheduled an appointment to meet so I could look at the paperwork she had received from the bank, as well as get an inside look at the home.The owner had been running an elderly care home for several years but had gotten sick and needed surgery so was unable to continue doing home care while she was recovering.

@Jefferson Lilly my mailer was actually for plain mobile homes on land, the guy who called just happened to have a park as well.  

It was just plain nuts!

I believe the KOA in town charges $100+ per night and the thousand trails out in Plain is ~ $60 for non-members as a reference.  

I had already face planted into real estate about five years before in 2013 when my father got sick and I moved home to Pennsylvania from Colorado.

The data simply don't lie...Texas is growing and will continue to do so while other states lose residents that are sick and tired of dysfunctional tax policy and entitlements.