@Nikhil MascarenhasDifferent people go different routes depending on their risk tolerance, their amount of equity and compared to other assets owned, how patient they are with a complicated set-up and high legal fees, whether they view the $800 as game-changing or just a cost of doing business, etc. 

Obviously we cannot force the borrower to sign so I said let’s foreclose because I think borrower is playing games.

Is that less desirable than a property with 5 bedrooms with walls, but less convertible entertaining space that could be used for movies, gaming,etc?

Real estate is a long game.

What makes the most sense to you may vary, and may also depend on how risk averse you are.

Then, it just becomes a numbers game....

CherylYes, everywhere is different because it can vary by county.

I require my tenants to have a minimum credit score of 680. A group of four are applying together for my 4 bdrm property. They are an engaged couple, the guy’s mother, and the woman’s brother. I was told that out of t...

There is no limit to the number of deals you can do (like there is in IL).I'm not sure about the dry closings (though I doubt they have that right, either), but the fact that they're already giving you bad advice makes me think it's time to find someone else.Title companies vary quite a bit. 

Title insurance, settlement fees, and recording fees can vary, so you could request updated estimates as you get closer to the closing date.If you’re expecting to stay under $5,000 out of pocket, double-check the loan estimate to ensure this aligns with your DPA and the amount you're being asked to bring to the table at closing.