I collect 1st/last/Security .

So currently the neighbors grey water mostly goes in my driveway, and there appears to be what used to be a toilet that might be leaking sewage in the basement.The floor drains have collection of water.   

Information fills in where there might be gaps in the knowledge, or connects one set of knowledge to others.Too often, due to my first paragraph, we find too many thinking that if they collect enough "quick" info, by shear volume, they have gained knowledge. 

How do I accept rent electronically, so I don't have to collect physical checks?

Moreover, should you refinance,  as the experts are expecting that rates will go down in the next 24-36 months, before the temp buy down is up, if that is the option you took then any of those funds collected from the seller / builder, and held in escrow to subsidize your mortgage payment will be applied as principal curtailment towards your mortgage balance.  

A good friend of mine has made alot of money the last few years buying homes with cash and renting them out and collecting the rental income.

Please provide proof of on-time payment of rent, during the tenancy, for existing tenants.What method is currently being used to collect rent?

I'm going to be as lenient as possible I just worry that she could fall 1-2-3 months behind and it's just a really delicate situation to try to collect when she's having major health issues.  

Borrow at 7%, lend at 12%, collect the spread, something like that.

@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state.