Spending your time taking them to court to seek a judgment and turning it over to collections is unlikely to produce anything.

If that business continues to be run well, you can expect it to continue to grow and produce more and more profit year after year.So why isn’t everyone doing this?

I have funds in a 401-k plan from a former employer that I want to roll over to a solo 401-k; then, write a check to purchase an income producing property without financing. 

I’m hoping to learn the ropes with your help.I’m looking into purchasing a FSBO property that includes 10 acres, a 3b/2br house, and a couple of RV hookups that he uses to rent out the spaces (possible income producing property).

Is this related to how the Straight Line Method is calculated (# of months you use a property to produce income)? 

I want to combine it and buy a multi family that is income producing.

The money I made from flipping allowed me to acquire a nice portfolio of income producing assets (real estate) :) 

Your proceeds can be used for other investments that produce cash flow.It also depends on your long term goals -- if you want high-appreciation properties and this build signals an influx of residents/businesses, it might bring up the local property values and continue your appreciation climb.If you invest strictly for cash flow, this probably isn't the right property for you.

Most refrigerators produce cold air in the freezer and then transfer some of the cold air to the fridge.

@Jonathan Bouren I suggest you first find a multifamily and run the numbers and then drum up interest.Also, I would challenge you to consider working with someone that has a track record of producing profitable, consistent investments instead of an agent that can work miracles. -- just a thought