Pending sales growth is the first sign of recovery, so the strong gains in May pending home sales throughout the MSA is encouraging.

Other 4 offered to keep at $1125 rent at the 4th month (800 at month 2). 1 bounced immediately without proper notice. 2 started house hunting and were gone in a couple months with good enough progressing and communication. 1 stayed. 1 moved out at month 2, but left a bunch of stuff and claimed to be still livening there without paying rent, so had to evict.

Sales volume still trailed 2019 by 32% but showed signs of recovery, up 40% from last week.

Not a guaranteed route for rental income but locks in a mechanism for recovery of funds via debt collection method, and the pressure point of negative impact to credit report. 

It’s still a work in progress, but I wanted to share.

I will update this thread as I make progress (or lack of). 

However, if for some reason you just can't find it, consider at least turning the debt over to a collections company like Rent Recovery Service or AOA Debt Reporting Service that will report it to the credit bureaus so other landlords can be warned about this deadbeat tenant. 

“After falling to 21% below last year’s level the week of May 25-31, new listings last week continued their recovery; last week’s new listings were 15% below last year’s level.”1

Your purchase schedule should probably look more like this:Year 1 - 1 home - 1 totalYear 2 - 2 homes - 3 totalYear 3 - 4 homes - 7 totalYear 4 - 6 homes - 13 totalYear 5 - 7 homes - 20 totalAs you progress and build your business, it will get easier and easier to accumulate more homes.

This doesn't mean our economy is fully recovered, or even close; a full recovery is going to take years.