I finally woke up and realized I was spinning my wheels.

I was the one who first posted.Update time:We finally JUST got served foreclosure papers on our Ocala FL new home we built to flip.We owed 203,000 and had it listed with a realtor.

One final point as we all wait for cranes to drop out of the sky and building to erect themselves: The TIF, or as known here TIRZ, was just passed.

Finally, the business owner is personally liable for the debts of the company, and unfortunately, personal assets can be taken to pay company obligations.Thats not to say dont do a Sole P I just think incorporating is better.And when you incorporate it just means you creating a business entity.

If you get people to actually have a conversation with you the results will be better.

However, the reality is different and failure to allow of these real world expenses (and the resulting lack of cash flow) is the number one reason that new landlords fail.Hope that helps.Mike

Here's the final curehttp://www.houstonhotdeals.com/cure.jpg

I finally got ahold of the bank that has the delinquent mortgage.

Welcome aboard; I'm glad to finally see another investor who "gets it" as far as paying cash!

Narrow it down to dealing with "MOTIVATED SELLERS" and make fewer offers that result in getting more offers accepted!