@Ayodeji KuponiyiIn the future if it's not specifically adverse action and you're 100% sure I would just send a one  line email/text:Dear X,Unfortunately your rental application was denied.Ayodeji KuponiyiNo risk of suits then.

What are some other lesser know yet effective methods or capturing leads before they go to the MLS/auction?  

GC's that fail on large projects don't do much to change the crappy reputation that GC's  sometimes have, and failure of big projects can have blighting effects on an entire community. 

The option is in effect only as long as the lease is performing.  

But in research fond here in BP wholesaling seems to be better suited for different times in the real estate cycle.

Yes, servicing is a cost of business and effects the ROI, the discounts I usually work at, $15.00 won't break my return.......it's all relevant.But, if you collect on a small note, I suggest you let an attorney tackle notices of default or hints to modifications......if all goes well you should have no issue.While you can hold a note long term, I'd rather see them pay it off as quickly as possible which increases your ROI and gets you ready for the next deal with money in hand.

My ultimate "wants" are big and at times do not even seem realistic so I just focus on doing all I can now and hope the snowball effect is bigger than I can imagine. 

Advice needed on how to go about the process more effectively. 

I am going to write that on my white board because I should definitely keep that in my mind every day, "control my investments, track and stay on top of what effects my properties."  

It is having an effect on my COC return.ThanksTom