.- Personal savings rate as a percentage of disposable income is very low (3.6%)- Unemployment is very lowMarkets don't stay ecstatic or suppressed forever.

I have financial resources at my disposal and maintain connections with several contractors to ensure that the house is repaired and prepared for sale on the open market.

The other issue is that these same tenants smoke, not on the property, but they put the butts in a can on the wooden porch and then dispose of them - gross really - anyway, Ontario is going the way of BC more and more - very tenant-friendly. 

Hence I think the results are obviously biased but it shows you there are many roads to Rome or millionaire-hood.... some people do it nice and steady without debt, and some use all of the tools at their disposal.

And then removal, replacement, new Freon, installation and disposal run me about $2k.

Families now have way less disposable income, I could go on, on this.

If I recall, the investor had a high-paying W2 job, lived very modestly, and put a lot of her disposable income into buying and renovating properties for a sustained amount of time.

We are a group of Latin American investors who are experiencing economic losses due to the irresponsibility of ABC Capital.We have found on the public page www.courtlistener.com two actions where our office of trust in real estate investments and property manager, to whom we entrust our investment and assets, are sued.We put at your disposal both actions; with the warning that they should not prejudge, since it will be the court that hears the case who passes sentence, since it is the one that knows the evidence presented.https://www.courtlistener.com/?

My opinion is that the higher end stays will remain healthy because those guests have more disposable income while the lower budget stays will take more of a hit.

And as @Jay Hinrichs mentions, in some states the borrower can reinstate and you become the owner of a paying (or in many cases, a non-paying note again) and you need to start the foreclosure process all over again.It sounds like you may have a tape from Kondaur, they are notorious for taking their loans right up to the foreclosure then dispose of them.