In some states sellers can collect EMD no matter what, but in MD for instance you are entitled to get your EMD back if you acted in good faith and still had your loan denied.

Maybe he sends it to collections and you don’t pay and just constantly challenge it so he can’t really collect—maybe he sees pennies on the dollars.

If anybody has done this, do you collect a point and the rest goes to the investor?

For example, who collects rent? 

(I don’t collect last month’s rent but if I did I would have noted in the lease I was going to deposit it.)

But for long-term rentals, I try to avoid advising people to collect a group of single family homes to rent.

Hi Dennis, I'm facing a serious issue with Blue Orion, who are illegally occupying my home and collecting payments on Airbnb without paying me for months.

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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

(The property’s home state and your state of tax residence will both want money if they collect income tax.)If the property is only in his name you avoid all the taxes by waiting until his death to give your daughter the property.

some small collections, clean mortgage and 5 year payment history.