Your loss as a result.You can try to take the tenant to court to collect but based on the fact that you neglected your property I would suggest that you just do the necessary repairs and sell the property.

Check out the Ultimate Free Beginners Guide as well as other resources under the education tab above.

Is it foolish to be in the read for $2500 per month having a $6k mortgage and collecting only $3700 per month???

Worst case they hit your credit w a collection, which won’t hurt it more than 10-15 points.

(choosing tenants that are collectible and pay their bills on time). 

if you are still trying to manage your property and collect rents and plow/shovel all of those issues go away with a sale.

If you are looking to find a property or two he is an excellent resource and great realtor. 

On one hand you if you feel comfortable you would be able to collect the broker compensation on each deal minus your expenses.

For example, one person may be the leasing specialist while some one else deals with the day to day collections and phone calls.

Also, any resources to learn how to do creative deals wholesaling?