These types of tenants often do this because they don't want to save in advance, so they take the rent owed to you and use it to put down on their next home.Recommend you do a better job of communicating to the tenants that you will pursue every legal collection option if they don't pay last month's rent.Also, why are tenants NOT staying with you?

For your main audience, travel nurses, a well-designed one-bedroom space with a larger living area could be ideal.

Purchase price: $170,000 Cash invested: $17,000 REHAB PROJECT UNDERWAY What made you interested in investing in this type of deal?

If I had the funding and the opportunity arose I’d buy as many rentals as I could given your scenario What type of properties do you invest in? 

If these things are true then you are definitely looking at the wrong markets, and maybe the wrong type of investing altogether.

The types of loans that are in place will also affect the rules to the foreclosure process.  

Ideally, and if you are comfortable with it, find and vet local subcontractors yourself to get bids.

Help with business plan.None of my mentors invested their own capital in my own deals.None of my mentors provided access to their investor database.But some might.After 46 years in the real estate industry, thru all types of markets - good and bad - from Silicon Valley to Austin TX to Charlottesville VA and now Greenville, SC, I’ve successfully invested and now want to help others.

Purchase price: $45,000 0.28 Acres Survey YesNo flood zone What made you interested in investing in this type of deal?

Ideally, it's best not to let your tenants know you live right next door; it's better if they think you're just another tenant.