however, I noticed that I had still incurred a $150 late fee from the attorney along the way. 

House-hacking by room is a topic that pops up when we're late in the real estate cycle; in tier 1 areas multifamilies available are scarce or priced unreasonably so one is 'forced' to rent rooms instead of multifamilies.Things to consider:1) Exit strategy - are you forced to live on site and manage it? 

Something I've been concentrating on internally very much lately. 

@Mike LambertNever listen to "experts" that tells you you are too late for the party, I invested in the beautiful Tulum area and it has been the best investment ever!

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? 

My late wife and I held joint interests in a piece of real estate in our separate individual self directed 401k accounts.

@Kelly Calamia@Xander WeidenbaumThanks for your interest, we are still working on the logistics and plan to have something ready for mid to late May.

Quote from @Harita Konjeti: Tenant has not paid entire rent for first month, do I have any other options other than charging late payment? 

During from late April to June, I called FSBOs from Zillow.

I've been spending a lot of time lately but I bought a new property.