@Jay Hinrichs yes Maui did the same thing after the Lahaina fire, and you're also right that Santa Rosa had no such restrictions. 

They are all servicer charges and not lender fees. 

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

               $215K @ 2.65% rate to be paid offRental in area -                I can rent this for $2600/month and it will give $500 cash flow after mortgage and HOA.              

Consider putting the property up for sale and get your life back on track, then try investing again.

Then after the old property is sold, you then take title to the replacement property.

@Donald Hatter We send the information to a collection agency who attempts to recover the money; after they make several attempts they place it on their credit report. 

You’re running a business not a charity after all. 

So many times investors start with a Realtr who just wants to make a sale and they have no idea about the rental market.

However based on these experiences still seem too risky versus just going after some of the options with RealCrowd that seem attractive and proven.