We don't expect to collect money back when we send them to the collection companies.

Hi @John Daniels - the mortgage company I work for, Assurance Financial, is based out of Baton Rouge and we have offices throughout Louisiana.

Are you using a property management company or managing the property yourself?

Before the great recession, as a 22-year-old that knew nothing, I did a few flips and ran my own property management company.

In the real world, most companies with stock prices that drop down that low are more likely to go completely bust, and whatever you invested will just be lost.Regardless of the game's weaknesses, I think overall it was valuable learning experience.

This is a very labor intensive process for most big box skip trace companies because it cannot be automated.

Regarding calculating ARV, we also own a mortgage company and a real estate company, we we do a CMA using the MLS.

I have been working with the title company who wants me to changes this to purchase the property and put my name as the manager. 

One of my tenant works for an Industrial company in the area.

Although for me being one a premier client of our title company they would do date downs for me for free and also keep a running spread sheet for me.