The first thing we noticed overnight was the platform's speed, which increased drastically, as well as the new customer support who were checking on us consistently (which was a new thing), so things were turning out for the best, and we were making 1-2 deals a month out of that. 6 months ago, 10 DLC was getting approved in 3-5 days instead of +10, and we upgraded to the managed plans, and had a person manage our accounts, and were able to get to 3-5 deals.

Needless to say, multiple times they were not able to pay and we had to use all the reserve funds and sent them notice of non renewal.  

Second, we would follow up with a notice posted to their door and another fee.

Notice I didn’t suggest that max retail value is the standard. 

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk.

There wasn't a firm decision that he made at that point in time, hence things were undecided and unsettled. and not at any point in time, Tenant sent a written letter of move out intent/notice until recently, mid-August '24, when I got the first written "move out notice" from him via "email" that he ll vacate the house on Sept 01 and that the payment will be left on the counter.

They are under quasi-management (long story) and largely I don't have to babysit them, but every notice of an issue makes me hate them more.

I served my tenant a notice to quit and she is very upset and sent me a nasty text said I humiliated her in front of her kids and neighbors…. 

You can give them notice and get them out.

While this is likely not true for Wellings, I see many, many formerly equity syndicators that seem to have deals going sideways from 2021/2022, now all of a sudden being "private credit" syndicators (I have noticed a lot of these pref equity funds/investments are calling themselves private credit, which clearly has a broader meaning).