Seller financing is an equity based loan, look to the UCC as to default of installment contracts, they become void, points or loan fees are not charged on equity financing.......I said not charged when I should say, should not be charged as I'd bet sellers are not in compliance, they can just lose their note and suffer any consequence that goes with unlawful lending.

ASSUMING the tenant has communicated with all correspondents, it will get resent properly.otherwise, it dies with the originator and you have no responsibility for the consequences.

Did you enforce whatever consequences there may be when the first tenant was late, the first time.My best advice is you have to enforce the lease and make sure your manager is enforcing the lease too.It's your business, your investment, you need to respect it so other respect it too.

Consequently, I can't do it over a giant metro area encompassing 12 suburbs so my method has limited applicability.

Without this understanding, you are likely to misstep and the consequences can be bad for you and your investors. 

Consequently, the attributed value of the land was completely wrong, you wouldn't be able to build on it, and now you'd have the rehab one of the homes that was borderline fit for a bulldozer.  

I don't remember exactly what the consequences are, but you don't want to get caught charging more than that. 

Not the worst thing but it does leave you with a tax bill and it also slows you down.As long as you perform a 1031 exchange when you sell the Parker property, which you can do right now, you'll be able to move it with no tax consequences at all into whatever market you choose.  

The person needs a contractors license to perform the work he did and can be fined tens of thousands .a handyman can not do work that needs a permit or is over a $1000 bucks When confronted he will remove the lien or face the consequences

Consequently, if experienced investors (with a playbook around these low-dollar properties) pass on these deals I would never want to jump into them.