Once a default has occurred - be it missed monthly payment, note maturity, etc, the note holder or their representative send a letter to the debtor notifying them of the default and providing the statutory timeline for corrective action.

But now that I've given notice that I'm switching this month, the old PM is outright refusing to send the ex-tenants to collections as they are "no longer under contract, our partnership is considered terminated and we are not able to represent you in any way."

Or, how about they get paid the median income for the areas they represent. 

It was more of a headache proving that I was the property owner in court to represent myself. 

I have contacted a HUD counseling representative and am also waiting on a response from them.

This is far from the 1st time I've felt that syndication management has been represented as primary ownership on BP, numerous podcast guests announce they own vast numbers of doors, and then deeper in comes the revelation that it's mostly syndication.

It represents allocation of the sales price when they sold this property later on.

We represent THEM and THEIR interests, not ours at the end of the day. 

I'd love to help you and represent you as a licensed agent in NC, should you be looking for a similar investment property.

Question! I have been under contract since 10/10 on a quadplex in Wisconsin. The main reason I purchase this property is because I was planning to house-hack. Seller had noted that 3 units where rented until 8/31/2025...