I used to be a Cook County, Illinois resident and we had the same thing except you didn't go to jail if you were a professional athlete or a Daley buddy.

Then a small negative cash flow can turn into a BIG negative cash flow and if that investor cannot hold on until the next recovery of the cycle, rents, and values they can be in a lot of trouble financially.  

We also found we were depleting our savings putting 20% down per SF house, and the market recovery meant that savings from our jobs and rental property cash flow was taking longer than we liked to accumulate to the point we could move on the next, more expensive, SF house.

If you're not collecting rent regularly then you have no reason to call or check in with the tenant outside of regularly scheduled walkthroughs - which were really too far apart back then.In my case, tenant checked out okay - professional working athlete, fairly well known, made plenty of money, passed background check, and references checked out. 

Good Morning Everyone,My daughter is a student-athlete at UAH, she is a Sophomore, and I am considering purchasing a home near the campus and use it as a rental for her and 2 of her roommates. 

Hotels on the other hand are in the recovery phase where apartments were years ago so lot's of equity upside potential but risk as well.

@James C.It possible but the more likely scenario is he has not yet completed his continuing education and will renew by the deadline Either way you can still file a complaint with Trec and it will be addressed and you could possibly collect from the TREC recovery fund

Recovery will take time.

Today it is worth 90,000 with a market recovery.

Would welcome comments from fellow BP members.National EconomyWe think that a quote from Business Wire summarizes the national economy fairly well.Economic Growth Stuck In Neutral – The U.S. economy seems unable to break out of its disappointing pace of growth that has kept real GDP growth range bound between 2.0% and 2.5%, below the historical pace achieved during previous recoveries.