They will file the back amount with the credit agencies and attempt to recovery the damage.But fair warning, depending on the tenant class, you might not have a high chance of getting it collected and if it is collected it’s a fraction of the amount.

It would be done in a fraction of the time and you would no longer have to deal with the code enforcement.

Consolidation into fewer more expensive properties - maybe one with onsite management.2. 1031 into really nice transitional properties to slowly convert to primary residence over his retirement.3. 1031 into NNN commercial properties 4. 1031 into commercial fractional properties that are 1301 compliant. 

This is going to be one of the most impactful methods of getting a ton of value and information for a fraction of the cost (spoiler alert: some are free)Mentors (Free or Paid for), be aware of 'Gurus' and look for individuals STILL ACTIVE in the multi-family space.

Account Closed  notes are not recorded.. they are held in a file with the beneficiary.. at least they were suppose to be... but as we know this led to lots of lost instruments and then attorneys suing to keep people in their homes because the banks could not produce the originals.. so when you buy a note you want to make sure you get the original and put it in the vault.. on the fractionalize one you did you want to make sure someone is holding that note you trust.. and at least get a copy.. 

Having said that:My goal right now is to understand what kinds of projects would be good BRRRR opportunities that, in the end, would result in a cash out refinance that would make even a small fraction of extra money over the top of what I would have put into the deal.When I saw this one, I first thought "this would be a great BRRRR analysis."

If you die, the property gets a stepped up basis to your heirs   If you sell to reinvest on another RE, you can 1031 exchange it postponing the taxable event.It also happens that cash flow has been historically a small fraction of my return and this is on ~$500k/year rent.  

Join as a Pro member to access that material and you will have a great resource at a fraction of the cost not to mention the forums here to help you assess deals if you want. 

So if I am correct, the stock certificate on the title means a fractional ownership of a property.

If its anything more than a fraction of a percentage, I doubt it'll impact it tremendously.On said property, I am dealing with plumbing issues not even a month into ownership.