I’m in negotiations on a duplex here on Long Island that I can purchase for $425,000 and collect $4,500 gross per month with minimal Capex.

The bondholders get their payment and the servicer foots that advance bill while still having to capitalize collections. 

His company GC realty does a great job and covers most of the Chicagoland area.However, ff you are interested in self-managing at ALL you should definitely check out our platform NestEgg which offers automatic rent collection, tenant finding, and most importantly we offer a full-service maintenance service. 

Just closed on a multi family and was wondering what is the best way to collect rent online ?

Take a lot of pictures of the condition they left it in so you have those if you do need to take them to court.As mentioned, typically when you get a tenant like this, you will have to fight to collect anything and may not be worth it. 

Driving for dollars: It's finally in the 40's (I know, MN...) and I've got a few motorcycles collecting dust in the garage.

If they qualify, I'll see if they still want to move forward and collect the application fee.

Not a standard savings account or some collectible, but in some sort of long-term investment vehicle.

. :-)Repeat the second step 5 times to collect 75% of the market price in cash.3rd bit.

- They can significantly lower their current living expenses - People currently paying ~$2K/month in rent can pay as little as half of that for their portion of the mortgage (after collecting rental income).- They gain acquisition, project management AND property management experience - all which will help tremendously when its time to scale and grow the portfolio.