Can't you come together and figure out a solution where he returns and addresses your concerns and collects the $2K?

That seems to be a straightforward solution.

As long as you have the self discipline to not raid that reserve for fun and pleasure, go for it.If someone has trouble managing their money, then a HELOC is not the solution.

Could you share a little more around which solution you were using (email, direct mail, retargeting etc.?).

Easier for you to monitor & manage you property while building your portfolio.

If you believe the solution to your problem is how much you are paying a real estate agent, the problem is not with the real estate agent. 

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

#s: value: $440k each, total debt: $310k each (incl. arrears), prop taxes/mo: $500, insurance/mo: $25, common charges/mo: $380, rents/mo: $2700 & $2250Pls feel free w/ any solutions / input / ideas.TxDave

Overall, it’s an excellent solution for smaller portfolios because you can easily spot any discrepancies.

I am very creative and find solutions where others seem to see roadblocks.