Maybe you are not getting the full picture of the information.For a credit account for example that defaults internal collection ensues then quickly if no payment usually they close the account and discharge the debt off the books and sell to an asset purchasing company.

I have learned years worth of knowledge in a short period of time through use of this site and am excited for the education and opportunities to ensue.

Thanks guys.This will be my very first actual buy for investment properties, and I'm nervous as heck, but I think after I do one and critique my strategy, the ensuing ones will get easier. 

The investors will always point fingers no matter who is at fault,  and if its bad enough and litigation ensues then the portal and the sponsor will get dragged into it...

city water bills are insane, add in that the POS tenants never pay their bills and the city refuses to turn water off, equals big problems ensue as a result.

We were both even more horrified by the ensuing legal fees that it cost to extricate ourselves from the mess because of the unfounded allegations the 'injured party' levied against us."

You will also get to witness bleeding heart judges going out there way to allow continued residence for tenants despite not paying.....but don't take my word for it, go check it out....when youre done there, go down to pratt st off mlk, go hangout in the section 8 office during walk in hours, witness the ridiculousness that ensues down there.....dont shoot the messenger

Given that, I was comfortable extending to a month-to-month lease and the ensuing vacancy.

The question will be on the ensuing damage that the faulty workmanship caused. 

But if the high-priced housing market in the Bay Area can only be sustained by high-paid tech employees, a market correction in tech would be devastating when large companies go under and massive lay-offs ensue.