You need cash, credit and some experience to win in this game with any consistency.

@Tyler Nelson - Its really a win-win if you are open to both strategies.

One recommendation: check out the properties going to auction before bidding and check with the county or a title company to see if there are any clouds on title that may jeopardize your right to ownership if you win the bid.

(Don't like this option much because of the cheap mortgage I have now)In my favor, I am renting now, so almost any option will be a win if I buy in Houston.I don't like ultra aggressive approaches, learned that with the BK.

In that case you should follow Ron's advice and bid at the auction or make an offer to whoever wins the auction.I hope this helps.

I haven't been to court since then but I feel like it is probably a bad thing for landlords.But in Tarrant county it is definitely true that the only for sure way to win an eviction is if it is for non-payment of rent.

I expect a 4 month turn around with build time and sell.If I ask a private investors for the cash what would be good terms if I asked a hard money lender what would be a win win situation.

It sort of seems like a win-win for a newer investor like me.

Take massive action and WIN! 

If we do this we short ourselves on our lien but could make it up on the sale of the unit if we win the bid.