No NON-QM broker or lender should be collecting upfront fees for processing.

The husband had a good paying job that had a slow season where he would collect unemployment a few months per year.

First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.

When you are getting into raising big dollars from sophisticated investors they are going to want to see a track record and a well thought out and detailed business plan.

Marketing, screening, collecting rent, unpaid rent, maintenance, capex, insurance, lawn care, vacancies, turnover costs, inspections, and so much more. 

Going private money will already cost you more $$ in closing costs, points, etc - but they should ONLY collect $$ if the loan closes.

I am desperate to get this tenant out of the property and collect all past due rent.

Further, he can extend his “grace” period a further 30 days by paying us an additional $50k.So far, we’ve collected two $50,000 payments in the last i0 days plus the $36,000, or $136,000.

In addition, committing ~ $200K requires some level of sophistication on the part of the investor and you are more likely to find someone to agree to your terms in smaller transaction sizes, but even that will be difficult. 

If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.