While it’s great being a bank, there is a downside when a borrower defaults, and you have to go through a lengthy and arduous legal process to foreclose, which most likely the lender has never done.

Residents must settle overdue rent before moving.The Section 8 housing voucher waiting list is closed, with a wait time of three to five years, but Dosker Manor residents are being moved to the top of the list.LMHA has 2,800 apartments citywide, with 1,500 past due on rent, but no evictions for non-payment in four years.

Oceanfront homes are extremely limited and commonly ask $1.6M+-$2M++ in the center of town it can be very difficult to secure an STR permit due to saturation (active neighboring vacation rentals) requirements.Lincoln City offers a variety of oceanfront home options, the challenge with oceanfront STR's in Lincoln County is that actively licensed STR's do not transfer and would generally be subject to a lengthy waitlist.

Have been doing this for a few years and there has been lengthy dry spells like this month.

The process can be lengthy and complex.

Ordinances and codes can be complex and lengthy, I would recommend engaging an architect to assist and give in-depth analysis.  

Not sure yet but this property is cool and who knows I think I could cash flow on it because monthly costs are looking like 3200.Appreciate your lengthy response!

Remind him of the overdue 100.Tenant looks at me and blurts out "I don't have it and Its your fault !

You gave us false or incorrect information when you applied for the loan; or* You are more than fourteen days overdue with any amount you owe us..* If you fall behind with your repayments we may pass information about the amount you owe to a credit reference agency.

This isn't an issue as I push all my mortgages to pull from my bank on the 15th of every month for free.Cue Nathan for his lengthy response.