Late fee is $77.50 and then the rent also is 1.5% after the first five days which take 18% annual and divide it by 365 to get a daily interest rate then multiply 1550 by that. 

Multi-family properties often take longer to sell in my experience. 

You can manage your own properties, which I think you need to do as a new investor to learn what it actually takes to run a cash flowing property.

But I said at the time that one day I’ll be in a position to take advantage of dropping prices, and I think this is the time.

First, estimate what the renovation would cost, how long it would take, and how much extra you could potentially sell the property for once it’s fixed up.

My CPA takes care of the 1098s.  

I also do not take any money from my rentals as I’m in the growth phase with a W2 and low personal expenses. 

In our lovely state of WA once the removal is approved, it could take another week or two until the sheriff gets to the property and posts the legalese paperwork on the door(they are busy), basically telling the bum that he will be tossed on XX date. 

2024 will go down as, "The Year of Taking Action".Getting back in the game came with some challenges.

Even if I am to not be taking home the lion's share of initial deals, I'd like to still be building some capital for future dealings.