Best practice is to keep one or two payments in reserve from the buyers down payment for such instances.

Add-on:  I do like that I can automate my late fees, no partial payments, etc.

If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

If your property is residential single-family owner-occupied in a good area, the buyer has good credit, made a good down payment, and twelve or more on-time payments have been made, you'll be in the lower range.Note buyers, just like lenders, won't go above a certain loan-to-value (LTV) ratio.

These are features like online renter payments, tenant portal (for payments and work orders), help keeping track of work orders, tax reporting features, and accounting functionality.

This is the equivalent of a car salesman pitching the "monthly payment" of a car instead of the actual price of the car.

I finally understand that credit card payments are exempt from needing to send 1099's.

The new buyer puts down 10% as the option fee, ($50,000 fee to our buyer) in this case, and we make the rate 10% to the new buyer for the monthly payment. 

Payment TermsContract Value: $[Insert Amount].Deposit: $[Insert Amount] due before the commencement of work.Payment Schedule: Payments to be made as follows:[Milestone 1 and payment amount].

So I don't want to spend $90K on a down payment and closing costs and only have $25K to fix it up.