I have a management firm that has filed the necessary paperwork and received a judgment, but it is apparently a time consuming process to then get a writ of restitution and then to schedule the sheriff to evict.

@Sean Lin Are you really going to promote the fact you are brokering 14% Cap rate deals and then fail to share any details? 

If prices continue to fade and unemployment increases (which is going to happen), then these borrowers who have no equity will say screw it and walk away.

I then said you clearly are way over the max occupancy and have broken the house rules and at this point you need to pack up and leave the premises immediately.  

If your basis is $100,000 and your sales price is $250,000 then $150,000 / $250,000(60%) of each principal payment will be considered gain.

I then added central air.

Then the purchase can be done.

If you have no plans to move back, I'd sell and then decide what to do with the money. 

It's a highly nuanced industry that isn't very regulated so you will need to know what you can and cannot do legally and then create some personalized guidelines around what you want to fund and what you want your returns to look like.

But then you're stuck.