I can't count the times in the past 10 years that I've gotten a late payment excuse from someone wearing obviously brand new designer clothes, sporting a brand new smart phone or otherwise displaying some kind of behavior that was incongruous to their situation (new car, new tv, new bbq pit, daughter runs in and says she can't wait until they leave this weekend to go to six flags, "lost my job" but they're leaving the house freshly showered wearing their uniform....)At the end of the day, you have to do what you can live with, but if you're asking for advice, my guess is you're looking for support for what you already know you have to do.

What I do know is that your familiarity--as with any technology you use in your real estate business--depends on if and how it benefits you and helps you meet goals. 3 Recommended Visual Voicemail Apps [Available on both iTunes and Google Play]1.

You could buy properties subject to existing conventional loans and acquire properties in your LLC.From an asset protection standpoint, were you to get sued and a judgment obtained by plaintiff, a smart asset recovery company will know how to pierce the corporate veil of a single member LLC. 

After 30 years in this scenario, i would have paid off the house, but accumulated 170k (minus taxes)It seems that it would make more sense to invest the 1700 instead of using it to pay off the mortgage early but I'm sure I am missing a lot of variables so I want to get input from you smart people.

If you work only with investors, then you write a book called Investing in West Hollywood - New strategies for the smart investor. 

mouschi,No, you don't sound like a fish out of water, you sound very smart for trying to get the correct information before you buy something.

Foreclosures are harder and longer to do.If you keep the two documents separate and never have the lease refer to the option [having the option refer to the lease should be all right], then you have a chance to kick a deadbeat out without having to go to Superior court.As for books, I suggest "Buy Low, Rent Smart, Sell High" by Scott Frank and Andy Heller

Focus on doing smart deals and not on maximizing the tax deductions.

Ned, now THAT is a smart azz comment.

And the neighbor was not smart when she say her "guests staying with her until they find a house"That sentence only bring up suspicious to the housing authorities that she have an intentions to give shelter to someone.And remember, section 8 apartment are not her house.