(No reason to say 90 days because you’d rather collect more rent and sell towards end of the lease.)Plus if they decide to ask for repairs you can say no thanks and keep the $25k.

Read this: https://www.nolo.com/legal-encyclopedia/collect-court-judgme...

If this is your tenant base then your rent roll may be high but your probability of actually collecting that rent roll number is low.

Banks are in the business of collecting loan payments, not calling mortgages.

He collected over $12k in P&I payments. 50% of that was supposed to go to me in quarterly payments.

I did purchase the course about a year ago but quite honestly it's just been sitting around collecting dust because I really didn't want to invest my time and energy into something like this that I wasn't 100% confident about.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or 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.

I use to collect a security deposit but decided it was more hassle than it was worth.

A lot of very seasoned investors own homes and properties in the same neighborhoods or communities that they 'collect' over time.

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.