Getting ready to put the house back on the market

So our short lived tentants are moving out next weekend and our lovely house will be back on the market. I had a couple of comments on why we decided to lease it out in the first place. Well, with this subprime crisis looming, I thought that there would be some people who would have great cash flow but might have a harder time qualifying for a mortgage. We offered a lease to own option which they were very interested in. The deal was that we would collect the rent and then put $300 a month toward closing costs. At the end of the term, we would "give" back the money, the security deposit and a couple of thousand for the closing costs. Anyway, I thought it was a good deal, but only if you could afford the house.

Bad News

I stopped writing in the blog back in July because shortly afterwards we found someone to rent the house. Of course after three months of spotty payment, they asked us to reduce the rent or out of the lease. We granted their request and now will be putting the house back on the market. So anybody reading this please let your friends know that we have a house for sale in San Antonio!

Anyway, this is a picture of the playground at the Lookout Canyon. The whole facility is really geared towards kids. There are two separate structures, one for the little ones and one for the big ones. A tennis court, basketball court, swimming pool, and sand volleyball court complete the facilities.