Personally, I would love to have recently filed debtors as tenants.There are always exceptions and fact dependent rules.

I would like to get your feedback on an alternative and somewhat cost effective solution that has proven to be effective for years in collecting from bad debtors.

It takes years to get the money rolling in and at anytime the debtor could file BK and wipe out the judgment.

I am a bankruptcy attorney on the debtor's side generally.

Second will be how much debt you have, you said you don't have any expenses except tuition which is good, but do you have any student loan debt or are you managing to pay as you go?

If you have too much debt (even good real estate debt) or too risky of stocks, or too much crypto or extreme options contracts that keep you up at night from stress; you've gotten past your sleep number. 

There are only so many debtor-protection lawyers that handle these work and often times they will work out some kind of settlement with you.

If you have a personal homeloan (ignoring IP's for now) are you pumping every spare dollar into reducing that debt, or are you putting some of it into other investments (e.g. managed funds etc) as retrement savings?

It does not need to carry a specific address and will attach to any and all real estate owned now or into the future by the debtor.  

It's expensive to do (my average cost is about $800/ forelclosure) , but the foreclosure action is going to force the actual debtor to either pay the taxes, or I would get the property.