Thanks again Bill.I wasn't feeling I need a carrot ... was just trying to understand how you were articulating the handling of late fees an/or a stepped interest rate.I'm not so much skittish over motivating the borrower as I am undecided if this is the best use of capital ... so I guess it is me, I am trying to motivate ... which is a strong indicator.I do not believe our interest rates are going to move much in three years, so I would set it at 9 - 10% (the BoC 5yr rate +3.5 - 4.5%) and leave it there; the more I think about annual adjustments, the less I think it is worth the effort.The threshold for criminal usury in Canada is 60% {all fees and charges are counted as interest on the original principal}.

There truly is a difference between bad neighbors, and criminal activity.Has your area really gotten that bad??

So I could actually then be considered an "Investor" by trade later in life rather then your current designation in my book, and probably that of many others, of "Criminal" or "Thief".

Be careful and choose wisely.Thoroughly vet any one  you do business with, just like your tenants--criminal, BK, credit reports!

It's G** D*** criminal how the Vet's are treated - - don't light my fire!

Criminal activity must be shown first, (conviction), before an eviction can proceed for that reason.

I use this to run a background/credit/criminal check.

As far as background checks are concerned, these will be taken care of by the software too and most of them even let you pick your own screening options (credit, criminal and eviction) depending on your preferences.

First Judicial District just announced they are not processing evictions until June.https://www.inquirer.com/healt...Knowing Philadelphia, once June rolls around it will take months to process all the new filings.It puts property owners in a terrible situation since the government has the power to limit private evictions (no changing locks or constructive evictions) with the threat of civil and criminal penalty, yet they can close the only legal route to reclaim use of Private property rightfully owned and due to the owner. 

These criteria should be based on factors like credit history, rental history, income, employment, and criminal background.3.