, the reason is my pre-paid phone doesn't support call recording, and texting them gives me time to know what to say next rather than have them hold on the phone waiting for me to talk ( I always think before I speak ).

i think a decent SF will cost 150k.and with 5% down n closing cost and pre-paid amount it will be way nore than that.

Originally posted by @Paul Weisbaum:This may be controversial - but I let them pay me every week instead of once a month and require automated debits from their account.

@Christopher Dru- thanks for the  post ...1)  30 yr fixed rates for PRIMARY  SFR are around 7% right now -  rates for a 2 unit duplex thats a rental are  signficantly higher  right now ...2) also  worth noting - the points  ( loan fee ) for many rental loans are  very high  right now   so  make sure to get an  accurate picture of these  plus all other costs and  prepaids  to  plug into your  calculations    3) rates  are  likely going to  eventually  drop  but  dont make any decsions  based on hoping rates  drop    4)  private  financing  terms will likely be  higher than traditional loans 

So if there is a default on a debt, bank reserves will be debited and the loss can be handled on that basis, but the asset itself is destroyed.This is about the most advanced finance gets. 

If someone has prepaid the mortgage, the most likely want to pay off the mortgage early, not move money from a liquid state to a less liquid one.

The bank will give you an account and a debit card or checks and you can make draws on the account up to your credit limit for the first 10 years.  

I also created separate bank accounts with different debit cards for each one. 

As for your options now while your credit is suffering…private money, hard money, seller finance, prepaid PMI, assumable mortgages and sub to all come to mind.  

I can also manage maintenance requests and receive payments ACH in 2 days or via debit/credit card(for a fee to user).