I always suggest everyone run an AirDNA report prior to entering into any STR market.My sources for appreciation are an aggregate of FRED, US Census, BLS, JBRG, NAR, and MLS data.Gotcha (re the sources). 

Make sure to follow all legal procedures correctly and keep documentation of all communications and actions taken.In the long term, taking preventive measures from the start can help avoid similar non-payment issues in the future.

You could re-charge them to refill the security deposit.4.

Therefore, since this loan will end up sitting on the lender's balance sheet, you should be prepared to pay an interest rate that would make sense for that lender to have their money tied up without earning the additional income they would earn from selling their loans at a premium on the secondary market and being able to re-lend and keep flipping the money. 

If he doesn't submit his proof of claim in the bankruptcy, he stands to lose the entire amount he lent, less the amount he was re-paid.  

They only charge if you print something out, so I created a form that I use to gather the info I need and just write it down really quick while I'm there. 

Think about your credit score and future plans.

I am a RE agent, investor and developer in central Houston, feel free to reach out with further questions or if you need help finding land that works with your numbers. - Chris Kersey 

Should the tenant/housing authority "NOT" agree to the terms or sign, you can then let the Housing Authority know in writing that you will NOT be renewing the contract for a new term. 

Any unused losses will carryforward into future years