@Roy LoganIt sounds like you’ve made some great moves in real estate investing—your BRRR strategy is paying off with those solid returns.At the bare minimum, you should do the following to make your bookkeeping easier:Dedicate one checking account and credit card exclusively to real estate.

It sounds pretty basic and bare bones to do MTR in Phoenix versus what else is most likely out there.

If they’re facing a short-term financial hiccup and you feel they’re otherwise a reliable tenant, you might consider setting up a plan for them to catch up on what they owe.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

They'll likely take the easiest / cheapest way out and just do the bare minimum and slap lipstick on a pig to get the deal done.

Need input / ideas / comments on following pls.I have 2 SF rentals that I'm facing foreclosure on as I fell behind w/ the mortgage payments on (due to unrelated problems).

But in the end/exit , the deal tends to be more important.Sanjay, this is a phrase I'm often repeating on podcasts, in my book, and here in the forums:A good sponsor can deliver the best possible outcome in the face of adversity, and a bad sponsor can screw up a perfectly good real estate deal.  

In my experience, most lenders cap at 75% LTV, and even then, it can be tough to pull out enough equity to get meaningful cash at closing.That said, I’ve noticed a lot of investors, myself included, facing cash crunches lately.

Then in the late 2010's a lot of owners got wise and started to do the bare minimum to pass section 8 standards and still request the top end of the section 8 rents.

Listed at $209,000 was able to negotiate down to $176,000.Plan to total gut and give this old beauty a 2025 face lift!!