Still chase people down on their $50 portion but id rather chase them on $50 v $800 for full rent.

Whatever you do, be patient and don't chase! 

Try to find your people in different places and set up a screening system that weeds out the weak players and crybabies.

Too many people chasing cash flows in markets they don't understand

There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank).

This is often referred to as a HUD partial claim.There may be differences here and there with respect to the MI issue but a junior lien is a junior lien and it gets extinguished in a foreclosure regardless of the players involved.

Hey Chase,BP has a plethora of knowledge!

We also were approved for the Chase Ink.  

So they squander their precious time chasing lost money.

Like you, these owners are no longer players in the real estate game, as they would be foolish to trade and double their borrowing costs.