I send tenants to collections because I get the comfort of knowing it sits on their credit report for many years and prevents them from getting loans or cheating another landlord.

Using a company to do rent reporting to Credit Bureaus is a good idea to prevent the delinquency in the first place and at least increase leverage to recover the unpaid rent after it has happened.

This is where you can lean on a reliable agent to prevent you from buying bad deals but I would also make sure you do enough research before making offers. 

The whole idea of an LLC is to prevent future damages.The doctor said I could smoke cigarettes because most people don't get cancer from it.99% of the people asking about LLCs in the forums here do not need and can not form an LLC to carry a property in because they are using residential loans and don't have an LLC with 2 years of tax returns.

I feel maintaining your properties correctly and being decent to your tenants is the best preventative measure we as landlords can take next to LLCs, insurance, and umbrella policies.

You cannot bluff if the other players know you have nothing. 

I would happily spend $2 to save $1 if it prevents the extorsion.  

The larger players last I checked were between 10-12%.

75% LTV6.707%1 point origination727 creditDSCR loan, 30 yr fully amortized, 5 year step downFunded by one of the Hard Money DSCR big players

With an attorney handling the eviction, you can not only ensure proper handling but also take advantage settlement agreements to prevent having to restart the process if the tenant were to default again and get automatic final judgment when the tenant defaults on the settlement agreement.