In Delaware, they are considered in holdover and you can collect double the daily rent. 

Hi JJ De La Llera!

Quote from @Paul De Luca: Quote from @Salena Miller: Hello everyone, my name is salena.

I want to build my network and find better deals in Philly and surrounding areas. I haven't used OPM but I am looking forward to getting some good deals to started. I have built up some equity and am eager to start bu...

Quote from @Paul De Luca: Quote from @Daniel Vargas: Hello, Bigger Pockets community!

What is more common is that our clients will have a back up purchase like a Delaware Statutory Trust identified to buy into if one of their purchases fails. 

A few suggestions:Get a Job, Borrow from Parents/relatives, Get a partner for the deal, or (trigger warning: not PC)  renounce US citizenship, cross the border illegally, and get all the government money you need.  

Quote from @James De Stefano: I'm early on along the journey, but so far it's been the "walking on eggshells" while screening / accepting / declining prospective tenants. 

DIY, but don't DE(verything)Y.I made many mistakes early on.

So, to separate the rare newbie who is willing to do the real work at educating himself on what really is necessary for success from the people who want to take what they perceive is the guru/mentor shortcut (or the “cheap” version in which instead of buying the program you hang around the edges seeking “free” information from those who have paid for those program) I will not answer specifically as to why the program they’re suggesting won’t work or is too risky or borders on illegal.