The tenant will most likely talk nonsense and show the judge precisely who they are.Send the judgment to a collection agency, along with all supporting documentation.

If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.

I agree with you on not being able to collect on judgements.

Now I get to sit back, relax and collect $2300/mo in rent plus about $100k instant equity because of how the market is over there.

While I have a general understanding of what it takes to set up a fund, I’d love to tap into the collective wisdom here.

A “contract to hold” binder payment equal to a month’s rent would also be collected at that time.

After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?

There are actually THREE kinds of subject to transactions1- subject to existing mortgage without lender approval2- subject to existing mortgage WITH lender approval3- subject to existing mortgage as part of a seller financed wrap around mortgage.with #1 and #3 it’s in everyone’s interest to utilize a third party servicer, who collects and then distributes payments.  

You should only need the SSN or license if you are hiring a collections company.

For market pricing, I collect LTR data from BP rent calculator and multiply by 1.5x.