you need a judgment first, so first you would need to file a lawsuit to get the judgment then the collection agency will take 1/3 - 1/2 of it. so in reality its not really worth it.

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.

Will I still be permitted to file an affidavit of memorandum EVEN THOUGH my closing date has now come and gone and I am technically in breach of contract?

Filing/recording the mortgage is what establishes the creditor/lien position and puts your ahead or behind other creditors who may be using the same property as collateral (secured and perfected vs secured but unperfected).

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

And since as a landlord with less than 100 homes you are limited to only filing a small claim on the damages and you can not report this kind of tenants to the Credit Bureau, it's worth the price.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

He filed a complaint at the Nevada BetterBusiness Bureau, we won and immediately had him served at his residence/place ofemployment/business with a Defamation Lawsuit.

If you have lived in the home for a total of two years anytime within the last five years you qualify for the entire $250k tax exemption if filing singly.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.