So, some food for thought.Trusts seem to be the preferred method of liability and asset protection among the wealthy.  

I had a renter that rearranged all the furniture, left everything absolutely filthy, grease spilled all over the counters and oven, food spilled on the floors and table, trash left everywhere, etc.

The way I read the text, when times get bad, Norada flips debt holders to equity holders. 

If it wasn't housing, food, or transportation, I didn't spend money on it. 

@Izraul HidashiIn general:Investor or certificate holder -> underwriter (creates the certificate) -> Depositor (issuing entity) -> Seller (purchases note) -> Originator (or creditor that created the note) -> borrower

You can also contact your mortgage holder to see how to make a principle payment if you don’t pay electronically.

Any way food for thought, good luck with whatever you decide to do!

It was a very long drive. 18 hours in total on the open road, I would sleep in my car along the way and live off of gas station food.

Dave NA ,Non LLC and non corporation husband-wife holders of rental properties do not have to file a partnership return; They can file Schedule E.The problems comes if it is held by an LLC(Two-member) in a non-community property state.For the management activities I would still recommend using an S-election or C-corp if applicable.

Thus it was as not flipped (unless you consider the nominal transfer between predecessor deed holder and current deed holder a flip).