As for going after the rent you would assign the debt to a collections agency or have an attorney file for a judgement and then they will try to garnish wages to collect the money. 

@David Song and @Marc DesrosiersThank You !

I'm aware that in financing these properties under my name as a private investor also exposes me to additional risk across all properties should one experience financial issues (i.e. tenant forgoing payments/ major property repair) since they are all tied under me. 

I am in touch with agents and wholesalers to locate deals, but who should I look for for go/no go?

That's exactly what I was looking for. Going

The reason for going this direction is because it has always been an interest of mine.

Upon re=reading it, some good points were made for going this route, such as minimizing capX and having someone around to "watch" the property. 

I can't answer directly, but building code-wise, any credits/rebates you could get from the city for going either direction?

I am seeking advice for going about this upcoming lease extension and/or tactics that have worked to retain great tenants for those of you in the past!

How exactly is you attending a seminar in 2000 responsible for a company you don't work for going public?