After 6 months of non-payment, we were able to perform an eviction for this tenant.

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Quote from @Theresa Harris: For late payments, how late are they? 

Sounds a lot like this that I hear from dead beats all the time “ I was going to pay you but now that you demanded payment I’m insulted and not going to pay”.  

Whether you’re dealing with non-payment of rent or other lease violations, this resource explains what landlords need to know to remain compliant and protect their investment. 

She put a portion of the down payment (15K)...and of course there is a little equity...

Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.

The best way to see if someone is a reliably paying tenant is by their credit score. 

A land loan for 'raw' land will require a 50% down payment and high APR as you know.

•Pausing payments if necessary•While building home equity with loan paydown from rental income, I'm also rebuilding the equity within my WLI with the same rental plus my current active business.