For instance our company collects rent from the 1st-5th (pretty standard), we start processing money as soon is it is available (depending on how a tenant paid it could take 4 business days for ACH/E check to process or 7-11 payment to come through) between we are typically finished paying owners by the 11th of the month (depending on where the days of the week fall).  

But like I said, I may save you a few head aches by making friends with a couple and hiring them to help you out.Best of luck whatever you choose.... and keep us updated on how it goes!

There are plenty of properties out there without this kind of head ache.

The 3rd was good at the start and is now better due to my nagging and suggestions to help their business, like ACH.

The benefit to a short sale is it stays on the credit for less time than a foreclosure or a bankruptcy.The student loans and IRS taxes are generally 2 items you cannot get wiped out in a chapter 7 bankruptcy.From what you have described it sounds like depending on how much debt you are carrying a ch 7 would be best to wipe out everything and then pay off the student debt over time to get debt free.Promissory notes are a constant reminder of a deal gone bad and you get no emotional closure to move on with your life.As far as the taxes go there is an insolvency form that at the time the debt was forgiven you liabilities exceeded your assets therefore you owe no taxes on the forgiven debt.Publication 4681 form 982No legal advice

The OP said that they didn't know what they wanted to do, so it's unlikely they would be getting an education in a field where college can be tremendously beneficial (law, medicine, engineering), etc.

Let me start out by saying I am not an electrician, and this is just my opinion.A couple weeks back I(and by I, I mean my wife) decided that our circa mid 80's medicine cabinet and vanity light were in need of replacement.

I bought my highest profit and highest head ache 6 unit from an owner occupier...he lived in a one room efficiency and managed the building in a neighborhood so bad my wife has never even been in the building.

Medicine and medical equipment are not subject to the lien under this subdivision, and the landlord shall promptly return them to the tenant upon request.2.

We allow tenants to pay using ACH transfer, or a website called Cozy.co which allows tenants to pay using a bank account or credit/debit card for a small fee.