@Bill BrandtThanks for the link.

This is my first flip, so I'm not necessarily looking for a big profit.Hard money loan at 8.5%1.5% Origination feeEstimated $20-$30k in rehab costsView report*This link comes directly from our calculators, based on information input by the member who posted.

Even if I can't help, I may be able to link you up with someone that can fill the role you need. 

In regards to collecting rent I would just have them continue sending checks (I imagine this is what they were doing); it really does not take much time to deposit a check compared to the training required to teach a possibly technology illiterate person how to; create accounts, link accounts and pay rent.

Check it out with your lawyer and CPA.Ahh ok that makes sense, if possible could you link me the article?  

View report*This link comes directly from our calculators, based on information input by the member who posted.

If I use the method for depreciation found in that article you linked (also pasted below), my deduction for that will be larger than the principle payments for the first 21 years of the mortgage! 

I will try to find the relevant link, but you are responsible to know and understand your local landlord/tenant laws. 

I'll share the link for polio bellow! 

Fellow Illinois landlords, the following is a link to a rental payment assistance program that just opened for housing providers/landlords.