Thank you so much for the link to the table showing title insurance.

If you’re looking to build REAL wealth, then leverage of one type or another is necessary.Debt is one type of leverageSyndicators leverage investors capital as equityStart up companies leverage Venture Capitalists investments in both equity and debt.The real estate investor has 3 distinct “cycles” with debt leverage1st stage is debt secured by real estate but also personally guaranteed and often cross collaterialized2nd stage is debt secured by real estate but liability not personally guaranteed and recourse limited to specific property.3rd stage is debt free If you own units in a syndicated real property investment and the investment is leverage by debt you may not think of it as YOUR debt because you’re a passive investor, but your investment is encumbered by debt the same as property you own individually IF you haven’t personally guaranteed the debt.  

And if so, what are the benefits of section 8 if the only guarantee is the direct deposit and yearly inspection?

If you are coming to the Midwest and interested in Chicago, let's definitely link up!

You can network or link up with investors in both states and ask for sample recent deals.

(Little does he know that Frenchie is going to cause him more stress than he’s ever had beforehand, guaranteed).

So, if you know or someone you know how to do it, let’s link up, have a conversation going.

I guarantee you can tell me what areas are good and bad based on where you live right?

Here is a link from an older post on the same subject with some options.https://www.biggerpockets.com/forums/52/topics/262681-rent-recovery-serviceIt would be good to get a collection on the persons credit report to help the next landlord even if there is no $$ recovered.

You can pm me the link and I'll offer you my specific feedback.