This is a fluid situation and we have our plan in place for how to handle rent collection and most owners have agreed to work with tenants.

I would think collecting rent so you can pay your rental property taxes, insurance, operating costs and debt service counts as "making yourself whole", eh? 

Basically, you collect a down payment , and the buyer promises to pay you the rest in the future, once he accumulates cash or secures a loan.

I have several properties in the Chicago suburbs and I am not overly concerned with rental collections.

Meetups Collection of like-minded individuals in the Real Investment Field, who gather to network and discuss potential deals· Online Blogs and Networking (BiggerPockets, Linkedin, etc…)Same as above· Bank Asset Managers for REO properties Properties that are “Distressed” and Banks want/need to get off their booksPoint Blank you have to be creative and utilize a collection of different strategies, such as the ones mentioned above, and see what Blend works for you.

Here's where some of those costs came from:Planning & Zoning: Get a comprehensive list of all the things that they will require from a new subdivision including requirements for garbage collection, curb-and-gutter, setbacks etc.

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I put in nearly all contracts that the seller must maintain 95% of all rent collections prior to closing or the contract can be void.

And if they refuse would I be able to evict and have the collection agency deal with them?

Look for Organisational skillsProperty management is a juggling act that requires proper organization, scheduling, and priority setting.If your PM isn’t organized and detail-oriented, then you could end up with unsatisfied tenants, property damage, and costly fines.Evaluate their organizational skills by learning about their procedures for key aspects of property management like rent collection, tenant screening, maintenance scheduling, and addressing tenant issues.