The reports are fairly extensive with pictures documenting various items. 

Like who will manage the building, what is the collective rent, what are the taxes and insurance, is it all up to codes of the town, zoning questions, what is the as-is value - this will be very, very hard to comp and the lender will come in at the low end of the comps for sure. 

Anyone here with experience installing rainwater collection systems either below or above ground on new construction vs drilling for a well? 

Interested in how others have collected, whether to use a lawyer or a debt collection firm.

Also keep in mind that it can be hard to collect from tenants that don’t always have the means to pay their own rent if and when things happen.

To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ugh), so this is all pretty new to me.Here’s my current setup:I’ve had a property management company using AppFolio to handle the heavy lifting – rent collection, owner distributions, expenses, and the whole shebang.

The tenant didn’t pay last two months of rent and we have put him on collections.

He has about 15 years of extensive experience in those fields and has been highly successful in each of them. 

I have been collecting my own payments, but it is time consuming. and following all this around to make sure the ins. and taxes are paid. 

You may advertise, show, and collect rents, but nothing else.