Of course, this is all done before we spend money on inspections, etc.It's all about the relationship you develop with the team on the ground.

We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.

Of course not!

Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action. 

Anyone over 18 fills out has to furnish their social security and driver's license numbers, and pays a fee for a credit / background check.

Full credit/background check:  Look for missed payments, and any theft is always a no go.2.)

I’d love to hear your thoughts on the best course of action in this situation.

They offered to give me a credit on a future loan.

When you tell them they will only get paid when the loan closes, they will disappear.If required, the only money you should ever send to the lender is for a credit check.

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!