I don't accrue any equity to re-leverage it.

The late fees will continue to accrue until you receive the proper amount.We do not accept partial payments, which is exactly what this it.

The "Texas Ratio".Texas Ratio = (Non Accruing Loans - Government Sponsored Non Accruing Loans + REO) / (TCE (Tangible Common Equity+ Loan Loss Reserves)Texas ratio is a calculation on all banks performed by the FDIC as one of many metrics for a depository bank's health.  

Once they dig themselves into a financial hole, those late fees accrue and never seem to go away.

Depends on the work required.After I did the first "owner held" deal there was a learning curve, things to iron out are the agreements, making sure you can secure the deal (deeds in escrow, hint, hint) so they can't back out, solid numbers on payoff, closing costs, accrued interest/payments to carry and who pays, materials and labor, power of attorney if needed, insurance and commissions if any.

What if the lease signed by the tenant states that the SD does not accrue interest?

Looks like a great way to meet local investors.Out of curiosity, do any of you invest in the local Bay Area market?

Accruing month to month payments with buy and hold vs cash sale for flipping right?

Our of curiosity as being more on the newbie side of things, what are you calculating for cap ex, repairs, and vacancy per month?

With that being said, my curiosity has since shifted to out of state investing courtesy of these forums and BP podcasts.