I think the other poster was assuming you were talking about consumer debt . 

@Jay Hinrichs I would say I have B-level rentals; modestly updated, but in 'transitional' neighborhoods, and old buildings.

If you are the one selling the property, it is time consuming. 

The only thing is it would be a little time consuming to make sure you get all the nails out.

10 properties, you are not a beginner, you are too modest! 

We now know that SC consumer laws do not allow for wage garnishments, so the lawsuit will be primarily to give us warm fuzzies, rather than money, so it's a lower priority at this time...unless, of course, it helps our case with USAA?

Thank you guys I appreciate the feedback Bill Gulley I will study the Dodd–Frank Wall Street Reform and Consumer Protection Act some more.

With kind of cash and that fairly modest return expectation, triple net properties would be an option.  

Hi @Fred H. and thanks @Douglas Dowell for the shout out,Stay away from distressed sales with sub2, look for low equity deals that are not behind on payments for sub2, lease option assignments and wrap - aitds.A great attorney for distressed property is http://eckleylaw.com/ourfirm.aspYou are only as good as your RE team in distressed property in CA, lots of consumer protections.See http://oag.ca.gov/consumers/general/foreclosure_sc...My Ca bus modelsub2, lease option assignments, and wraps on low equity current dealsall cash for delinquent deals, negotiating delinquent secondsinstallmet sales on free and clear housesAll no banks, using seller financing or private 1st mortgages

My main private lender lives in a modest house, in a good neighborhood,  drives a clean well maintained 1998 pickup, dresses in jeans and tshirt typically, always seems to have coupons for any place we meet/eat including mcdonalds.