You don't want to do loan extensions, pay more taxes, pay more holding costs.   

Good morning, I currently have a duplex property that I am in the process of switching to Section 8 Tennats.I currently have two long term tenants that are month to month, currently collecting $1000/m each.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Outside of real estate, I enjoy spending time with my wife and kids, as well as playing golf, collecting comics and sports cards, and binging the next show on Netflix.I am very excited to meet people with common interests, network, learn, and help where I can.

When you go into due diligence, request bank statements to verify actual income collected and expenses.

@Tim Bee, what @Russell Brazil said but also when it comes to restoring the property to its original condition you can require them to escrow the funds to do that restoration work up front because we all know its hard to collect from people as they walk out the door. 

Our hope is to simply be able to collect the rents as income, which is approximately 5% of the overall value of her investments.  

For example, if you use Hospitable, you'll need another solution for background checks, lease signing, and monthly rent collection.

If it's going to tax foreclosure, and you win, you can wait 120 days for the IRS to come after you to collect...they usually don't unless it's a very juicy property. 

Do really have to use a business account to collect rent or can I just set up a new account from any bank and only use it for the business?