When a tenant is far past due on a balance (rent, late fees) do you first take it up with collections, or small claims court? 

Plan out what you think your loan balance will be at the end of the loan period and calculate a new interest rate versus the old to see what DSCR ratio will be.

Assuming the bank has the loan on their balance sheet (not resold), would they want to call it due if the interest rates only went up by 1.5% since the time of closing? 

Thank you for your insights, I was a bit vague, honestly, I've been looking at houses since I graduated college about a year and a half ago but life was in the way, had student debt to focus on, moved to a new state with no family or friends and had to build some form of social/work foundation in my eyes when I moved from NYC to VA to make sure everything that I decide I go into the life I am balanced such that I can focus on what I want with all of my energy.I am not moving on from looking at properties, over the time I've been looking at houses I have saved, I have researched, I have made connections with real estate agents in my area, I even studied for the real estate agent test but ended up not taking it for other reasons.

Specifically I now track month end account balances, maintenance expenses and have a detailed list at my fingertips of the tenants that are late on their rents.

And, having ready access to capital allowed us to scale more quickly.  2) Because the compensation is so balanced, it makes passive investing much more attractive.  

Days on market is about 2 months, slightly better than earlier this year but relatively speaking, it's still a more balanced market compared to rest of the Bay Area.

I am speaking to you from experience 20 properties later, yes it is ok sometimes to overpay but once you are established and have a decent sized portfolio which could balance out any potential pitfalls.

Here it would be 25% down ($275k)A balance of $825k at 7% (or higher) $5,490/mo, figure $250/mo insurance, $500/mo property taxes $6,250/mo. 

We can’t profitably turn it into a LTR, or easily anything else.Desirability - well two favors balance out.