If I owed $300,000 and had no asset creating cash flow, I would be IN debt.

I had no idea, at the time, that I was making a high ROI decision. 

The facts of the case are very similar to our situation—the Declaration of Covenants assumed by its use of the word “tenants” that some homeowners would rent their property.In Kiekel, the court found that the HOA had no right to ban short-term rentals, because “[t]he bylaw amendment contained extensive property use restrictions concerning the rental of property. . . which only could be accomplished through an amendment to the Declaration [ofCovenants].”The SCAG notes that the “court held that the HOA could not ‘circumvent the intent of the Declaration, the enabling document, by subsequently amending the Bylaws.’ … Kiekel, therefore, stands for the rule that where the bylaws of an HOA purport to restrict the use of property further than contemplated in the covenants, there is a conflict and the covenants will control.”The opinion of the SCAG went on to declare that “the general relationship between covenants and bylaws described in Kiekel is consistent with South Carolina law.”

Just do things in order and you will be fine.yes, I had no intention of lying about either loan.

But we had no burst lines, so I assume they did.

As far as licenses I have not looked into that as I had no idea I would need them.

I had a deal where the seller had no mortgage and was willing to owner finance the property to me so I could rehab it and get it on the market.

I know, because I come from a family that used to do what I do two generations back and lost it all when my grandfather died and his widow and children lost it all.Then about forty-some years ago, the rise of the infomercials brought a group of higher-income people to real estate who had no real business being in it.

The police said it was a “civil matter” They said I had no way to prove he was the one who broke in and apparently it isn’t illegal for him to change utility bills into his name.

He's a bright guy, got an advanced degree in math, but had no knowledge about real estate.