I’m just focused on discovering FOR LATER if it’s a criminal offense for the lender (and borrower) to inflate the payoff for the sole purpose of collecting more $ especially now that it never closed and the prior lender refused to even assign me their lien and the borrower had already used some of the money so OFCOURSE the lender wouldn’t send the money back or they’d be out the extra $ they sent to the borrower that was already used. 

Hi All,I have two door's and am collecting rent on different apps like venmo and cash, but I want to open an llc and collect rent on through that.

Do you rely on local property managers, or do you have your own systems in place for things like maintenance, tenant communication, and rent collection?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You can refer out the deals that you don't buy and collect a commission.

They do say they have a one time fee for debt collection and I suppose negative reporting with a 30 day delay and dispute process. 

Just make sure you collect more data before making a decision.

I am sure many would  consider other investment strategies besides  continually recycling their capital collecting  homes that are propped up with appraised values that are not attainable if the properties were marketed for sale.   

Quote from @Yixiong Pan: It's possible, but it's also possible that the tenant will destroy your house and you'll never know.Managing investment property involves more than collecting rent.

If the taxes were increased and the escrows that were collected up to that point were insufficient to cover the new tax bill, then your future mortgage payment will increase by an amount that will cover the new tax bill AND make up for the shortage from the previous payment.