They will take a percentage of anything they collect and there's no guarantee they will collect anything.An attorney may be able to assist you with collection action via wage garnishment or bank account garnishment.

It's no guarantee but it's a good place to start.1.

@Lashawn McCauley I thought of sending a letter 60 days prior but I read that wouldn't guarantee anything.

They still may require a personal guarantee, but you will qualify based on revenue generated by the property.You can also start talking with smaller banks in Queens or the area you plan to invest in.

Not a bad idea but expensive and not guaranteed. 2.

Cory -   it doesnt  sound like you will need  this extra income for  qualifying so no need to wait  fyi  if your hours  will be  guaranteed and stable   , then the  higher income  should be usable ...if the  hours  are not guaranteed (  eg.. overtime ….seasonal …..not consistent ) , then  likely to not be usable Going FHA is not that  wise  as  the  FHA mortgage insurance is permanent and wont be able to  be eliminated  unless you refinance the loan plus you will have a  large upfront mortgage insurance that you have to pay at closing  ….consider using  a conventional  loan  as the mortgage insurance will  be able to drop off or be eliminated in the  future

It's no guarantee but it's a good place to start.1.

Remember licensed contractors have to guarantee their work by law.

I guarantee the purchaser made a good profit and a much better profit than I would have achieved.But there are also many overzealous RE investors who may overpay relying on appreciation. 

It's no guarantee but it's a good place to start.1.