It sounds like this is their personal residence.

Currently I manage my own SFH portfolio of 7 doors.

After listening to the call it reminded me why I like my own plan and holding my own investments.

I've owned a few condos in the past so they aren't horrible purchases, but they're not the best.

New builds-broke even in the '08 market on two spec homes, built my own home from the ground up twelve years ago(400k in equity). 

@Sarah Hadassah Negrón so you get a money judgment.Now you have to turn that into a garnishment action with the courts.To do that, you typcially need to have the tenant personally served - which means finding them or hiring a skip-tracer to do so.Then, what are you going to garnish?

Dave Ramsey has a good saying about how Thanksgiving Dinner is different when you owe money to the other person at the table.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

Interest rates need to drop a certain amount in order for a person to make a transaction right now.