I would collect the data yourself and submit to your lender just like any other dispute. 

It sends out a few emails before the 1st.If they haven't paid by the 2nd I will text them myself and remind them, that usually elicits a reason for lateness, and a payment.On time rent collection has gone way up since I started using the software with reminders.

I was looking to park money in an asset and continue to live in the barracks collecting my BAH payment.

From my perspective I would collect rent as long as I can and when that doesn't make sense anymore I would sooner sell it then pay to tear it down. 

If the tenant closes their accounts to prevent Obligo from collecting (this rarely happens and has never happened to me), Obligo still pays the Landlord and goes after the tenant.

Hi @Jonathan Rivera I will let you know my wife and I have collected every payment of rent on our rental properties for over a decade now in NJ. 

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.

Your licensed agent will also be versed in fair housing laws to help you avoid breaking rules and statutes you might not have known existed.2) Hire a property management company which will handle advertising, screening/placing tenants, collecting payments, handling repair calls, etc.

Are they successful at collecting back rent?

The deposit we are willing to collect over the first few months if needed to lower the cost of entry.We are getting some calls, but lots of no-shows when it comes to appointments for showings.We had a lot of problems in the past with tenants bringing in drug dealers, homeless, and various other criminal activities.