Collect first two months rent up front and deposit on next month. 

Or should I create a combination of all three?

and as a lender in possession the paper was rock solid .. never had one default.. 18 months in the house is half paid.

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

We can discuss the wheres and who's if interested! 

I also have three other investment properties in New York.

Biggest things you’ll want your cpa to guide you through;Material participation- there’s three tests; 500 hours; 100 hours and more than anyone else’s time, and substantially all the activity.

I can definitely attribute a lot of my success over the last few years due to the connections I made on Bigger Pockets and the things I've just simply learned by listening to and reading all the great info available here!

Investment Info:

Single-family residence buy & hold investment in Las Vegas.

Purchase price: $325,000

Cash invested: $2,485

Long term investment.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $325,000

Cash invested: $2,485

Sale price: $335,000

Low upfront cost due to creative financing.