My biggest REI shortcoming is that I am not an expert on construction, carpentry etc and I know I have been taken advantage of a few times in terms of inflated repair costs.My biggest lesson from this is to collect 2-3 quotes for large jobs before awarding the project to any contractor.

Clerk said that if I can cite laws to support collecting other future losses until I can get a new tenant might convince the judge.

Lmk if you have more questions.Only other one I liked was Bryt Software but they couldn't do much in the way of standardized loan life cycle task management (moving loans from application to document collection and review to underwriting and escrow and in-service).

The LL obviously never inspected the property and had ZERO clue about the status of the unit.... just collecting his check in Oregon and being oblivious.

Collection is a nightmare - especially out of state judgment collections.

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.

Your enforcement remedies under law are: 1) deliver a notice to pay per F.S. 83.56(3), 2) make a claim on the security deposit when they vacate per F.S. 83.49, and 3) seek collection of unpaid rent through lawsuit or collection company. 

I  was just emailed this byHello, I purchased your loan request , may I know if you are still interested in the loan and how much are you willing to collect?

(On both the buy/sell commissions and 6% of rent collected vs 8% on the newly purchased property.)They’ve got marketing down, they’ve got the pictures and the contacts. 

They say it follows your setting for Airbnb which is set to automatically collect taxes.