But anyway those 12 states generally will have a carve out for TRUE PML who is lending their own money and its usually a limit of something like 3 loans a year no more than 5 outstanding at anyone time.. other wise a license is required even for those not holding themselves out as a lender.

Tenant already left but amount still outstanding.

What you can do, is put a clause in your PMC allowing you to put a lien against properties as some protection from owners leaving you with outstanding balances.

This law prohibits an institution from disclosing a consumer’s nonpublic personal information like Social Security numbers, income, and outstanding debt to companies that are not related to the institution.https://www.ftc.gov/business-g...https://www.ftc.gov/business-g...Also, most credit agency contracts do not allow their clients to share info with 3rd parties.

Any outstanding bills come from the deposit. if the expenses exceed the deposit, then after sending an invoice to the tenant if the tenant doesn't send the money, it is going to be up to you to get the money....and you are unlikely to see it. 

And if you need assistance finding an outstanding loan, speak to our team at REI News.

My father was quit deeded my grandmother's property after her death by my aunt when the property was thought to be on the way to be taken by the bank for outstanding loans.

Having a positive cashflow of 1.2k/month is outstanding, and I think it is unlikely that you could replace that with anything on the market now.

As for pros/cons of keeping it:Cons: 1) Poor cash flow to value, 2) Managing from afar has extra difficulties/risk, 3) No cap gains if you sell nowPros: APPRECIATION: San Diego historically has produced outstanding return for long term buy and hold.  

She emptied my house with an outstanding rent of roughly 5k.