That's enough cash to float the mortgage for 4 years without ever collecting a dime in rent.Yes, there is a growing trend that sub2 is a way to get into real estate with no money. 

The average tenant is very difficult to collect from depending on your state's laws.

Depending upon your credit and the asset location, you can get to 90% of the purchase price + 100% of the rehab costs, so long as that collective amount does not exceed 75% of the ARV.

I was wondering what is the best way to collect rent going forward.

Basically I have virtually 100% rate of collecting every dollar tenants have owed.Good luck

@John K.again - the point of a house hack isn't to cash flow.say you can rent for $2000, or you can house hack, and when you house hack, your mortgage is $5000, but you collect $3100 in rent.you still house hack. 

The other very old school option is to just knock on doors, my first apartment appraisal thats how I collected rental data on competing complexes.

If you don't do the homework, you will give them the impression you may not be up to doing the homework with real estate investing.

Hey Rowan, It's impressive that you're diving into real estate investing at such a young age.

The sales and onboarding team (the team who collects your documents) are good, however, after they pass you to the actual property manager, it was very bad experience for me.