For one- sometimes, depending on the situation and the owner, we float them their payment while we attempt to collect the late rent.

All of which you can attempt to refi out of later if your initial buy is done correctly.

Options are attempt a loan modification, reinstate account, explore ch 13 bk, or sell likely at this point. 

I would posit this: for every ONE person who makes it, 1000 think about it, 100 actual attempt it, and 99 fail at it. 

However, in your attempt to serve a tasty dish, you threw some sushi and some ice cream into gumbo.

Despite your prior attempts you have never come to see my vacation rentals, unfortunately I only have one day open between now and early November. 

Along with that, the market for multifamily properties and storage facilities has been white hot lately and many out of town investors are attempting to capitalize on the above average cap-rates as compared to other larger cities such as Chicago, L.A., New York, Atlanta etc. 

I have had so many ideas and various strategies attempted on this item and I can tell you all of them for tenant direct payment has been more work, expense and effort than it's been worth.

Lots of unforeseen issues and it's important to attempt to balance what's practical vs what's possible. 

There are attempts to block it but if they are unsuccessful you won't be able to rent your apartment on a short rental basis for more than 28 days a year.