@Cara Lonsdale Thanks for your reply and my grip isn't that the tenant pays on the last day that it is due but more less of them not following directions and by doing something i don't approve of.I'm sure you have plenty of people's personal address but it doesn't automatically give you an open invitation to go there unannounced.  

There is a old saying about hand guns "proper grip leads to proper sight alignment", if you can't hold the gun right your probably not going to be able to shoot right.

If you are in a midwest type market, you should NEVER do this.Please feel free to use this to get a firmer grip on your deal.

There are a few variables involved here, namely, a willingness for the homeowner to come to grips with the idea that their days in their home are numbered.

im not exactly sure how it works, but it sounds like a good way to walk into a property with either a grip of payments already made or a bit of equity.

Someday I should write a listOf all the deals that I have missed;Bonanzas that were in my grip—I watched them through my fingers slip;The windfalls which I should haveWere lost because I overthoughtI thought of this, I thought of that,I could have sworn I smelled a rat,And while I thought things over twice,Another grabbed them at the price.It seems I always hesitate,Then make up my mind much too late.A very cautious man am IAnd that is why I wait to buy.When tracks rose high on Sixthand Third,The price asked was, I felt absurd;Those apartment blocks—blackWere priced a thirty bucks a-foot!

Looks like you have a pretty good grip on your situation.

I plan to start out with flipping home or wholesaling to start part time and once I get a grip on it I plan to do this full time!

The investor will try to sell at a profit which will place the property above market price point and will incur holding costs while he or she comes to grips with the fact that he/she bought too high.

I know other family members who work a regular JOB.Their mindset is put money in savings in case of a medical illness or rainy day fund.Take 1 or 2 trips a year with vacation and that's all they aspire to be.They look at me and what I do and think "I am lucky" or "I have it good" that I have my own business.They think I sit at home in my office all day and do nothing.They do not realize I am putting in way more hours than they could imagine.I am sacrificing now so that down the road as I get older (36 now) I can take it more easy.Meanwhile many of these (savers) will be working as a greeter at Wal-mart at age 70 and complaining about social security not being enough.I am not going to be one of those statistics.A family member that is 68 has their house paid off,car paid off,and with social security still lives hand to mouth.I try to explain they need to grow that money to stay solvent but FEAR is what grips them from making a move.Whatever everyone believes we know we are born and in a certain amount of time we die.Where we go after that is up to each person to decide.So you do not have time to let FEAR keep you from making rational decisions and not living life.There is risk in everything.Successful people taker calculated risks and on average win more times than they lose.I guess I would be 4 and 5 since I have my own money but also buy property using owner financed deals.