First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You'll spend more chasing them than you'll collect.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

These special taxes, as they are called, are collected the same way as general taxes (December & May) but are listed out separately.

I am desperate to get this tenant out of the property and collect all past due rent.

The husband had a good paying job that had a slow season where he would collect unemployment a few months per year.

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.

At 23, your unfair advantage is time that is not constrained by collecting commitments of a family.

Going private money will already cost you more $$ in closing costs, points, etc - but they should ONLY collect $$ if the loan closes.