Numerous investors have collectively made millions, scratch that, billions by getting in at the bottom of a market cycle and exiting at the top.

It makes rent collection a really easy process for us and we love that it's free and still offers so many landlord friendly options.

Once you have the judgment, you can turn it over to collections and see if they can collect anything for you.

I look forward to engaging with this forum, learning from all of you, and contributing to the collective knowledge and success of our community.Best regards,Neil

Every item has a lifespan and collecting maintenance/replacement costs should start as soon as an item is put into service.There are lenders that will provide HELOC on rental properties but they are not extremely easy to find.  

As a professional property manager myself, I understand the essential tasks that investors are looking for from their property manager, like rent collection, maintenance, and tenant screening.

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 imagine a situation where you rent an expensive piece of machinery, and then their employee damages it, and now your left trying to collect from their insurance while being on the hook with the rental company.  

I don't want to leave them in the trash can waiting for the collection as the smell may bother the neighbors.

Cleveland was hammered in 2008 and prices are getting back up (in some areas) where they were at in the early 2000's (Shaker Heights, Cleveland Heights etc.)Other pockets in the city that were historically distressed are now seen as areas to collect cash flow as investors are renting them out via long term as the cities rental population is nearly 3/4's of the population.