I don't want to make my first post too lengthy so I will answer any questions as to the specifics separately.

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter. 

A disruption for the property management space is long overdue.

Sorry for the lengthy post, but I thought I'd provide some background info before I get to my question.A little background: My wife and I (and our toddler and newborn) have just started our REI journey this past March.

In general,newer is better.Unless you're talking about historical homes in special historical neighborhoods,a 70 year old home is gonna be worth more than the homes pushing 100 years that are probably long overdue for massive repairs and remodeling (new plumbing,rewire the electrics,new roof,water heaters,etc.

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter. 

Once this outstanding receivable goes beyond a certain point in time (days overdue) it is moved into "bad debts" and eventually, if it remains uncollected, will be written off.This is how we handle delinquencies. 

As suggested, focus on what the rest of the credit report tells you regarding history of collections, accounts 60 and 90 days overdue and just how much of this applicants funds are tied up in financial obligations (car loans, student loans, etc.)

This is what I have come up with for myself.I am going to specialize in FSBO properties, buy and hold/flip investors, facebook ads, and FB group posts for buyer leadsI created a pretty lengthy "how to sell your home" guide for FSBO properties, I plan to stay in front of other agents by actually knocking on doors, and delivering the guide to them in person, and then using that to set up a follow up appointment when I can deliver a free CMA. 

So far they are 6 months overdue, had to install a new septic (poof, profit is gone), and the "investor" owes the other partner 75k for her half of the deal......Do you think it will end well?