But with rents going so high, so fast, expect a lot of evictions coming in a tidal wave over the next 6 months. 

Here's my brief story with the property in mention thus far:My lady and I are currently renting in Staten Island, NY, and are seriously interested in getting into the real-estate Investing wave.

If I get a call like that and the person is not late on a regular basis, I tend to wave the late fees for a couple of days so the buyer can get the check to me.

I was one of the top buyers at auction for about 6 years in PDX market.. and just when you thought the lastest wave of newbies was dying off up came the next wave..

I use Quickbooks, but I also evaluated Xero, Wave, and Zoho.

Still, the sentiment at the city council level is that STR is a positive wave that they want to ride.

The best way to take possession and not make waves is to show the taxpayer your tax certificate, and ask them to sign a lease with you until they are able to redeem.

Not sure about the waves though.

For the first year at say 2,100 that is additional 1,200 in rent income but you lost say 6,000 to get there which will take years and years to get back.I would think renting that first year a little below market to get a wave of applicants to chose the best one and then do everything in your power to keep them year after year would be the best strategy.

Then ride the wave of appreciation, tax shelter, and debt pay down.