So here I am, asking for input from the collective knowledge of you folks. :) Appreciate your insight!

And secondly, never ever ever waiver on rent collection processes.

Hello Everyone,Hopefully someone here can help answer a question. My husband and I live in California, we had put our home for sale and escrow started. Two days before closing the buyer backed out and will not sign a ...

you can after 2 years at least it was 2 years many moons ago.. you can then sit for your brokers and you don't need to affiliate with anyone ( this is what I do) so I am not a member of a board or a member of MLS.. but it allows me to make referral fee's legally .. the only cost is every 4 years continuing ed and pay for another 4 years.. so lots of ways to use one.Plus when you become a broker you can then legally collect fee's on HML you broker.. if your into notes at all this could work well also.

Is it a requirement to pay off all collection accounts or charge offs from years ago to get approved for a mortgage.

Since your goal is ultimately cash flow, the best way is more than likely going to be somewhere out of state where you can make the 1% rule work and collect rents each month.

With this hand we were dealt, we collectively knew that we couldn’t move forward any further.

(This could be doing real estate closings, evictions, collections, creating notes, doing entity work like operating agreements for LLCs, etc)Are there areas of real estate law that you try to avoid?

So if the tenant did that, the landlord would not be “retaliating” by attempting to collect the past due rent or terminating their tenancy if they didn’t pay it in full, he’d be doing what the law allows him to do and I’d assume what most any landlord would do to enforce their rental agreement. 

I collect 1st month rent and a security deposit that is roughly the same as first months rent.