I'm David Turner from California, passionate about real estate investing since the 1990s.Outside of real estate, I'm a litigation partner in a law firm, and I enjoy commodities futures trading.Excited to learn and connect with you all!

I’m especially interested in spots with strong short-term rental (STR) demand, where the laws are favorable to investors.I have around $250,000 USD to put down as a deposit, and I plan to finance the rest through a mortgage.

Most years a few new laws are being passed.  

Assuming they were professionally prepared and compliant with state law, these should define your default interest terms – probably in your note.

. - Americans only first lien 30 year mortgage with 24/7 draw ability 24/7. - The only first lien mortgage in America that recasts interest every time you make a deposit! 

Taking legal action against another party necessarily involves questions of law and can result detrimental legal impacts on him if he files a lawsuit without proper grounds to do so, or where the opposing party may have counter-claims against him.

It is free to you and costs the tenants $35 to run their credit.Depending on your state make sure you understand the laws around discrimination.

I invest with my brother in law, Jeff Harding.

Our state law states "An owner may impose a reasonablelate fee for each month an occupant does not pay rent when due."

We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property