Before you can collect rents there are many laws and guidelines to follow and milestones which must be met before your building qualifies for its occupancy permit.Good luck.

since the property is on septic, you may want to collect groundwater samples to make sure contaminants have not escaped from the septic.I have come across many sites that were contaminated by fluids, oils, etc. disposed into the septic system.

The wholesaler checks the box that states that the contract is assignable and then they will either do an A to B, B to C transaction using transactional funding or they simply assign the contract to the end buyer and collect a finders fee at closing.

If I have an apartment building that is vacant and collecting no rent, there is no CAP rate.

I would, however, try to find out from your friend who the person is that is handling the collection of the asset.

While I wouldn't ever use any of them standalone, they are typically close & used collectively will give you a rough idea.

When househacking and renting out individual rooms, how does one go about collecting rent?

Hey BP,Tapping the collective network here to find a great commercial lender.

What are the steps to collect full payment and to get balance to zero, as tenant always promises they will pay off balance next week, next week etc.Can we start eviction process?  

Seems like a would just continue to collect my awesome $1500/month cash flow and save that up for my next deal.