^I know that sounds harsh but it's true. 

Unfortunately, the original hard money lender you lied to has opened themselves up to significant civil penalties by not doing much due diligence and subsequently originating your owner occupied loan.Like I wrote earlier, I hope I'm wrong and if I am, I apologize for the harshness of my post, but I sincerely doubt I am.Stephanie

It's harsh but it gets everyone on the same page. 

I'm not afraid of charging late fees or evicting, and that it would also not impact our friendship.My first general rule: no drama. 

Are you starting a comedy show or did you just open a BP account to be nasty and make believe you know what you're talking about...Very harsh words coming from a poser like you about me & others. 

I am a LL with a large portfolio of Detroit SFR rentals.It is not a Civil issue anymore it becomes Criminal intent on your part.I can go in-depth on the various scenarios (with experiences picked up over the last 7 years investing on Detroit) but would not wish to as it is a different topic on it's own right.Hence, Sorry but just take this experience on the chin and go through this eviction like a Landlord would do.For the next tenant, follow a regimented Screening process: 1) Check the 36th District court for past evictions & money jugements (LT issue and GC issues), if it is under 3 years avoid the drama and move to the next applicant.2) Previous Landlord verification - call and speak to them (run the Landlords name if you have MLS access against the ownership records)3) Employment History and Stability - 3 times rental income atleast. 4 times if it is under household share.4) Credit Score - a Good indicator but take it subjectively as a Low Credit score is not an automatic refusal.

I hope that doesn't sound too harsh.

NO DRAMA there.he bought it at a 5 cap but with rents going up 30 to 40% since he has owned it.. well he told me this year he is going to NET about 700k in cash flow..

like I said can it happen sure you can get very lucky.. but you can also lose your life's savings is it worth 5 to 10k and a huge amount of drama and most likely marital discord.. ????  

They're typically going to pay 70% or less of its retail value, because that's the kind of discount that it takes to generate a profit in this business.Here's the harsh reality: If you've had a house on the market for six months with no lookers, its priced too high.