Housing bubble is a hard phrase to use as everyone has slightly different meanings to the term.Random thoughts: We don't really have the threat of Shadow Inventory as that is solving itself due to the increase in prices.

You won't be directly threating the squatter, or the parents, but you will be putting more pressure on the family to get this taken care of.

Since the seller is an agent you also have going to the real estate commission as a threat.

As for GPA's I graduated from Cal State Fullerton so I'm only barely literate and no intellectual threat to anyone here or elsewhere.I'm on your side regarding the subject property price point.

I'm trying to decide which direction to go vs. my current buy and hold strategy.And I look forward to meeting other members and their opinions, experiences, etc via this great cyber landscape.

A letter with a formal threat if they don't pay.  

The following was found in a google search:When septic systems are properly designed, constructed, and maintained, they effectively reduce or eliminate most human health or environmental threats posed by pollutants in household wastewater.

No good.One of my workers rents the other side of the duplex "cousin" lives in, and they've called the police on this "cousin" and her children multiple times for noise disturbances, threats (from the mother and her boyfriend), and vandalization (the kids ripped my my workers vegetable garden and threw the veggies onto his porch!).

I don't invest in NJ so I'm no threat.  

If they don't have any skin in the game where is there motivation, short of the threat of legal action, to perform on the contract?