I even do my Lease Options through escrow to make sure the mortgages are paid and seller's don't walk with the cash leaving me a foreclosed property and no way to collect.

I know I probably wont have any luck but is it worth it to turn it over to collection agency if they can collect anything?

They also have a "reserve" fee in which they collect 10% of every credit card transaction and hold it for 90 days before releasing it back. 

I would like to get your thoughts/advice on how to proceed so that I can use the collective wisdom to find the best path forward.

In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...

In practice, the landlording equivalent of "ambulance chasers" will proactively market to renters, offering to sue their landlords over trivialties so that they can collect this funding and profit.Get out of Colorado.

Collection services usually want 50% of what they collect.

She finally got back to me in December only to notify me that she had retired and that I could come collect my paperwork.

One owner is a wealthy casino owner who collects land and may consider selling but for way more than its worth.

Pm plans to collect from guest.