Nia

Not like that. I guess nowadays you have to watch what you say. Currently married for 21 years and counting... I meant I love shoes too! Nia

Tony your wife sounds like my kinda girl ! Nia

I thought the secret to a long marriage was a free copy of MC's manual I'm glad I could bring some humor to your day. Funny Steve! Nia

clearly this couple already has the secret to having a long marriage......humor! http://glumbert.com/wii/view.php?name=weddingfirstdance Enjoy! Nia

Thanks I'm on it.

I think I'm talking with the wrong attorney. Attorney says all the tenant has to do, is sue me at the end of their lease because they couldn't purchase the property for their "non-refundable" down payment and the tenant would win. The attorney is saying you either sell the property now or you do a 12 month lease. At the end of the 12 mos the tenant has the right to buy. No upfront down payment unless your selling it now. There's no gray area only black and white, you can't do both legally. I know that there is someone in Tx that has a creative bone in their body, I just haven't found them yet. Nia

I just finished talking with a real estate attorney in Tx. She said my only option for my current property was to do 12 month lease with no option money, with a purchase agreement at the end of 12 months. No upfront option money and hope that they buy at the end of the lease. Sounds like a rental to me.(Urrrrgh)! I will call title companies tomorrow. Nia

Nia, All you need is a real estate attorney. You can call your local Realtor or title company to find one. Pre-Paid Legal is also a good resource for simple topcis like landlord law and the proper use of agreements. Hope that helps, Adam

Thanks for your advice MC. In California I would do an assignment or consultation and Adam I think your idea for Texas is great. My only challenge is finding an investor friendly attorney in Tx. I'm not having much luck but I know that they're out here. Nia

I've been living in the great state of Texas for 6yrs now. Originally from California and I'm familiar with the property and areas. I was wondering with all the laws in Texas, is it worth the additional challenges and the extra money needed on an attorney for paperwork to protect myself? Or would it be better to work in my home state of California that is L/O friendly and say skip Tx and all the requirements? I would like to get people thoughts on doing L/O or CA's in another area from where you live. Or is it a recipe for disaster? Thanks, Nia