And not only do i get the satisfaction of knowing there is a pay check waiting for me every week for some time now.

yeah good job on being patient. it is hard, but far more beneficial. it always seems as soon as you sign a sub par deal, the better one comes right after.

I would like to do a end of the year survey of all the tenants satisfaction, etc.

Be very patient.2.

It’s easier to be patient with a motivated seller, but at times I forget that some investors need to be approached the same way as a motivated seller.

I have been patient for 4 years thus far but at some point you have to decide if it's the right time.

Meaning that the answer may differ between states.The true lawyer answer is: It depends.Typically, if there is a mortgage on a property, then it is Nonrecourse debt which means that the lender can take the property in FULL satisfaction of the debt.Again, typically, if an LLC takes out a mortgage, then the bank usually has a member or all members sign a personal guarantee on the note as well.

. $2500-$3000 should be a sweet spot for fair pricing and getting someone who will actually complete your job to satisfaction.

.$11k is a pretty small profit unless you are doing volume.Be patient and the right situation and deal will arise.

At the very least, it will stay on both their court records and their credit reports for 7 years so you will at least have the satisfaction of knowing they will have to live with that.