In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option. 

I have over 25 yrs of hands on construction experience in almost all aspects and need help/guidance to build/grow a portfolio or fix and flip. 

I’m evaluating:1️⃣ Fundrise – Open to all investors, $1B+ deployed, low fees, good for smaller raises.2️⃣ CrowdStreet – $3B+ raised, focuses on large commercial deals, accredited investors only.3️⃣ RealtyMogul – $500M+ raised, REITs & individual deals, open to non-accredited investors.4️⃣ EquityMultiple – $300M+ raised, high returns, accredited investors only, mix of equity & debt.5️⃣ Yieldstreet – $1B+ raised, alternative assets beyond real estate, typically $10K+ minimum.Would love to hear from anyone who has successfully raised capital on these or other platforms!"

I tell my clients usually if they want Dollar Generals I want them well located with upgraded construction in a strong suburban to urban core area which is only about 10 to 15% of all stores.

Keeping all properties occupied 24/7 is crucial.

Technically, all major cities still vote blue (even if they're in a red state), yet it appears that only cities with supply constraints (like geography) see the most appreciation. 

Feel free to reach out to chat all things student housing! 

Currently all $200K is subject to self employment taxes ($30K tax bill).If taxed as an S-Corp, I could pay myself $50K as a salary, and only the $50K would be subject to self employment taxes ($7.5k tax bill).

It's all common sense stuff you might as well just watch a 10 min youtube video and be on your merry way

I have recently just purchased my 4th investment property all in my name and have accumulated a DTI of 45.9%.