@Dawn Anastasi thanks.... i'll go over there and see if it really reeks to permanent damage status.But I'm not a 1 strike your out type person.... especially if the situation is amendable(he's paid late fees and NSF fees twice totaling over $300)

They've paid rent for 18 years, so there's a good chance they'll continue to do so.

@Brian EastmanWhere are the taxes paid from...would they come out of the IRA?

I've completed literally hundreds of pre-probate foreclosure deals in California.

At this point, I would use all rent payments to pay down the loan balances of the 10 homes (1 house at a time) with the goal of having all the homes completely paid off by year 20.  

For example, if I buy a group of payments; do I have to wait for those payment numbers to arrive before I get paid back for them?

The structure seems bulletproof, but I wanted to run it by y'all to see if I'm missing something - thanks for any feedback you can offer.I bought my primary residence for $168K, and paid the mortgage down like a mad dog. 5 years later, I did a cash out refi (30 yr fixed, 3.9%) for $120K, which paid off the $34K left on the note, and used the dosh to buy an $82K rental duplex.

Hello all!Ive decided to get my real estate license for investing purposes. Im in Oregon and I'm wondering which 150hr program to take, there seems to be many. Im ok with online, theres just a lot to pick from. Any go...

Not fun for the person who's still living there and who has paid rent faithfully. 

I am a newbie, and I have been looking at pre-foreclosures.