Hi all,I wanted to pick the community's collective brain on investing in an IRA and get people's experiences on it.1.

We had a few where we had to wait until rent assistance kicked in (and don't get me started people driving a Porsche and collecting rent assistance), but in the end we were whole.

Few and far between.You can always find someone willing to collect rent for a fee.

I would never do that / why not broker the loan and collect a fee upfront.This is also super sketchy as no legitimate hard money lender would lend to someone who is going to lend the $ and not own the property

Fair Debt Collection Practices Act (FDCPA): This law applies when a debt collector contacts a borrower on behalf of the bank.

Could anyone please advise how I should start the eviction and collection process? 

This can easily result in a situation where some states never collect tax revenue and other states collect more than they deserve due to mis-allocation of passive losses.For NC, it doesn't appear that the state tax code addresses this situation."17 NCAC 06B .3904 TAXABLE INCOME OF NONRESIDENTS AND PART-YEAR RESIDENTS(a) Nonresidents and part-year residents shall prorate their adjusted gross income, adjusted as required under G.S.105-153.5 and G.S. 105-153.6, to determine the portion that is subject to North Carolina tax.""

Quote from @Scott Mac: iPhone (Even though I miss the candy bar phones). my first mobile phone was one of those in a case :)  Also in our day with note collections borrowers would send in their check along with the payment book..

In any market, you need to analyze median income, and crime, and that will help predict where you will have more challenges collecting rent.Every city has their challenges with vacancy.

Best way for collecting rent, security deposit, etc. with 1 property.