His original Distressed Property Newsletter was outstanding, accurate and exceptionally informative.

If you do collect the rent (delivered or otherwise) and they have any outstanding previous late fees, apply the payment first to all other charges, if your lease includes that wording.Then give notice and file for eviction for the shortage.At least that is my methodology, as in Texas a property manager can only represent a landlord in court for eviction on unpaid rent and holdover.

Is it possible to have an outstanding conventional mortgage and get an FHA loan for a multifamily (duplex or above)?

Borrowed money that must be paid back is NOT income and is not taxable as income.If you sell the property for more than the balance on the refinanced loan, then the outstanding loan balance will be repaid from the settlement proceeds.  

If they are doing things to destroy your house, that kicks it up a notch on how your respond.What kind of repairs from the water damage is outstanding?

With a copy of his deployment orders also get contact info of his 'rear detachment' commander in the event he doesnot pay rent.Soldiers are required to pay their rent and other outstanding bills.

That's outstanding being able to save 70%+ of you annual income.

I came to BiggerPockets after reading The Book On Flipping Houses, which was outstanding.

This information will also help you to quickly "ballpark" an ARV on the flyIs there a mortgage and/or taxes outstanding?

For all those wondering, here is the relevant portion of Fannie Mae guidelines B3-6-05:"For all student loans, whether deferred, in forbearance, or in repayment (not deferred), the lender must use the greater of the following to determine the monthly payment to be used as the borrower’s recurring monthly debt obligation: 1% of the outstanding balance; orthe actual documented payment (documented in the credit report, in documentation obtained from the student loan lender, or in documentation supplied by the borrower).If the payment currently being made cannot be documented or verified, 1% of the outstanding balance must be used.Exception: If the actual documented payment is less than 1% of the outstanding balance and it will fully amortize the loan with no payment adjustments, the lender may use the lower, fully-amortizing monthly payment to qualify the borrower."