Given that Jacksonville has one of the largest populations in the country.Just curious.

You may be able to get a levy against their bank account or file a wage garnishment without the need for going to collections. 

I think Chris makes a good point of determining the strategy - performing 1st position notes is always a safe "dipping toes in the water" type of note to go with. 

Yes you need a broker.

@Dan Dares TMYou can use your familyMember but they will need to be a part of the deal and the bank will most likely want them to personally guarantee the loan.

@Jonathan Greene, can you tell me one of the more notable times this happened and how it finally resolved?

@Stuart Udis let's run down the rabbit hole of a "what-if" scenario like you started. 

Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc. 

What’s your definition of enough equity?

I had a few tenants e-sign 6 documents with multiple pages in a couple minutes and realized they did not read any of it!