The point is still a matter of legal debate, but NOT with regard to consumer reports.

A word of warning about trying to collect your own debts: You become a debt collector yourself and you are subject to consumer debt collection practices laws in most states (and I believe there is a corresponding federal law). 

Communicate with tenant via email, text messaging, or whatever is available.You should be able to find a software that is intuitive, makes it easier/faster to complete the time-consuming work, and provides you the data you want to track.

Hi Jason,Commercial loans are not consumer loans, and getting one isn't like getting a credit card where you just apply and whoosh it comes in the mail.You will need a lender with a loan product(s) that support this large scale buy.Your lenders terms will dictate many things.Have your lender lined up and ready to go, as well as your Down payment Cash, and any other cash reserves or other cash or net worth qualifications the lender has for you.Know your lenders requirements for YOU for this type of loan,and how much it will cost you to get the loan, appraisals fees etc..Because if you've "got" the Dough, you've "got" the go--everything else is just tire kicking.Know the lender requirements for YOU.Different lenders may have different requirements, and make go-no/go decisions differently.Non-stabilized units may take more lending search, or maybe not.Good Luck!

Florida's financing extension is in paragraph 5: EXTENSION OF CLOSING DATE:(a) If Paragraph 8(b) is checked and Closing funds from Buyer's lender(s) are not available on Closing Date dueto Consumer Financial Protection Bureau Closing Disclosure delivery requirements ("CFPB Requirements"),then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided suchperiod shall not exceed 10 daysAlso, if the financing period passes and the buyer's don't opt out, this would apply: v) If Buyer is unable to obtain Loan Approval after the exercise of diligent effort, then at any time prior toexpiration of the Loan Approval Period, Buyer may provide written notice to Seller stating that Buyer has beenunable to obtain Loan Approval and has elected to either:107 (1) waive Loan Approval, in which event this Contract will continue as if Loan Approval had been obtained; or108 (2) terminate this Contract.

I've viewed what going rates are from the consumer side and getting to see the available days so I think I have a general idea of the #'s, but of course "general ideas" and investing don't go together. 

As many people do in their younger years, we accumulated a fairly large amount of consumer debt; around $55,000 worth.

If the concept is you roll the profits from one property into another to postpone your tax bill, why the need for all these extra costly time consuming silly steps. it’s why I’ve never done a 1031.

There's a difference between consumer debt and investment debt so establishing a good record early will pay off with better rates later down the road.The last thing would be the most practical but that would be to simply wait.

Your choice, but you will eventually find your method to be cumbersome and time consuming.....