So if you can collect rents into your business either by deeding the properties to your LLC (be careful of the due on sale clause on your mortgages) or by signing a master lease between you and your LLC and having the LLC sublet then that may help.

So far we have collected about $280,000 but the borrower has been unable to pay us off.  

Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280.  

Also given the fact that its darn near impossible to get any kind of civil judgement executed and collected on in Portugal. 

Just because one obtains a judgement, doesn’t mean they are able to collect the judgement.  

In new jersey you can find cash flow but it is tricky and a lot of the time you have to get creative and really optimize the property.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It is most optimal to do this somewhere with high exit values, since cost to build and effort are about the same everywhere. 

@Megan Mason recommend you watch some of the videos from @James Wise youtube channel on S8 evictions.We've been dealing with S8 tenants for over 20 years and they are NOT a cure-all for rent collection challenges.Since rents in Class A & B areas exceed S8 limits, most of your S8 rentals are going to be in Class C/D areas. 

If anyone is curious I had about $9k collecting dust that is my little "RE Developer" fund and I right now it is up to $11k and growing.