“The Federal Housing Administration’s original goal, when established in 1934, was to create ‘a straight highway to debt-free home ownership,’ ” Pinto said.

And these risks must be weighed against the benefits of keeping the existing loan and property tax base.Risks involved with buying an existing LLC:There is no such thing as title insurance for buying the LLC.Does the LLC have outstanding debts or other obligations that are not secured by the property?

My first deal didn't go nearly as well as expected, so I still have quite a bit of my own personal funds in the deal as well as outstanding balance on a business credit card I set up when I formed the LLC.

Website at betterclosings.com -- at Buford Highway & Lenox Road.As for attorneys who do other real estate things (like evictions, or vetting lease documents) -- I don't know whether Rahall does that or not. 

I used to think every car needs 500 hp, and 14 secs quarter miles were for grandmas, now soft seats, 30 mpg highway and room for my black lab are more important.

Or am I missing the forest trough the trees, is there a simpler way to work with the family to buy the property and resolve the outstanding liens another way?

If you don't go too far south of Highway 90, the neighborhoods are fairly similar to Leon Valley, just with a higher concentration of rentals and more 20 year old subdivisions.

I like option one the best, option two has more risk, but as I said, both are outstanding tenants and I wouldn't expect any issues in 30 days, but... you never know.Thanks in Advance

If you are looking for an outstanding agent to help point you in the right direction when it comes to investment purchases I HIGHLY recommend @Anthony Angotti!

Even a purchase in 2008 (the worst time to purchase since at least 1984) would look like an outstanding purchase today and have huge positive cash flow.