The thought in my head is ive never even had a payment hit over 90... meaning that being the worst... and ive never even had that.. for example: "God for bid theres bankruptcies, repo's, judgements, leins, write offs..ive never even been over 90" i hope that helps make sense.For auto loans, ive owned a rather large service business for 25 years, i paid cash for many trucks but i financed a few too... aproximately 50.

In AZ and maybe some other states the bank could come after them for a deficiency judgement for the difference.

If someone makes a complaint the building inspector will visit the property and make a judgement.

So I put a lien on his house and get the judgement and file it.

Typically you'll file for a judgement, they'll serve papers to the tenant, a court date will be set, and you'll be awarded the judgement if you win.

You will need to rely on their judgement and knowlege to help with the purchase and management. 

So the judgement has to be based on your goals. 

You can sue them and get a judgement, but if they don't have assets, it's very difficult to collect on the judgement.If you are letting them stay rent free as a sort of charity, it's my opinion that there are much worth worthwhile charities to donate to. 

I'm trying to find options, things I am thinking are:- Try to convince the tenant to pay all or a portion of rent- After a judgement is made, go to collections agency to get fundsAre either of these options likely of success?

They may get a judgement against you in court, but you are young and could repay it over time.