So, like they say, past performance not a guarantee of future results.That being said, in principle, you have options if hit with the DOS letter: you can refinance (if in a good position for that) or pay off the loan, or the problem can be cured easily by transferring the property back (and you can play this game back and forth repeatedly with the bank).The main problem you have, IMHO, is the partnership.

I hired a PM to find a tenant for one of my properties which has become vacant.Their agency has a lot of good online reviews and when I interviewed them, I was impressed with their professionalism.He has just now emailed me saying he has a client wanting to buy my property for 150k.I was a bit baffled because last I checked it was worth around 450k.

You can find this online, or at the town hall

@Roy WhiteHere in North Carolina attorneys do contracts because we don't use title companies.Rental companies will also have rental contracts.If you get one online or from a friend, for example, just be sure everything in it is legal in your state.Good luck!

A few tips that may be helpful to you here on the BP website:You can set up keyword alerts so anytime someone posts about Longview, Tyler or any of the other markets you're evaluating, you'll be notified.

Is playing the waiting game the smarter choice here? 

You must be willing to take on some level of risk to play this game.

A few tips that may be helpful to you here on the BP website:You can set up keyword alerts so anytime someone posts about any of the markets you're evaluating, you'll be notified.

You can also check their reviews online at Google, Facebook, or Yelp.

Now my business parter is out of the game and I'm getting ready to go full time into it.