- Also, what is their networth, so they are legally collectible for the guarantees?

We  dont know if we are closing on the 1st of the month or the 30th of the month so we don't know if we are collecting 1 day of interest or 30 days of interest. 

I've still never owned a single family rental property or collected a rent check, but I hope that jumping into development will create opportunities for others to own their own homes and rentals that will serve families for generations.If you want to follow along for more of the journey let's connect.

@Yoni Kaszynski, with a co-signer what I focus on is whether they are "collectible".

If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.

The challenge is the that you need to have a plan for the property that will allow you to improve rent collection, lower expenses or build the equity.

A few things I would ensure you are doing in your collection Process.1.

As the CFO of a developing firm, I’m loving the play-by-play—shows how patience and off-market grit still win in a slow market.You’re spot-on about transactions dragging—non-turnkey, overpriced stuff is just collecting dust right now.

In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits. 

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.