I also use Google drive, so all of the property documents, rehab plan, invoices, etc. are accessible for the investors to view and a spreadsheet on google drive with the property financials and weekly updates. 

I understand that there are land contracts in Mississippi where if the buyer stops paying that the contract turns into a rental and the seller could reclaim the property without having to go through a costly foreclosure.

I have this house in Cook county that the tenants stopped paying rent in Dec, and they still live there.

Never stop educating yourself.I have gone through the grind of the Real Estate Gurus and learned a lot of theory, reality had no resembles with the theory.So here is my advise.

Hello Bigger Pockets family,Here is my current situation, my current credit is in the mid's 500's , I have income close to the $90's / year, but no money down.I will have access to maybe $7k by next year.

It's certainly a small town, but has quick access to the Blackstone shopping center and it's not a terrible commute to Worcester (my dad does it every day).

With that being said, even though we have access to the HELOC with no problem we don't have much control over the property which we wanted to rent out to pay for the HELOC and we could have more leverage to invest.

The reason I have the departing roommate pay the fee even though the other residents are staying is because I will draft up a new lease that does not have the departing roommate's name or info on it, that way if the roommates who are staying stop paying and have to be evicted, the departing tenant has no liability on the lease and will not be connected with an eviction.

I was told the ramifications vary based on what type of bankruptcy is filed.However, there is nothing (as far as I know) stopping you from attempting a court eviction for the unpaid rent. 

The condo I did in Ohio was done about 10 years ago and we got a range with controls up front and a refrig that was accessible with ease....a higher toildet, lower bathroom sink and roll in shower...that kind of modifications.I am quite new here and sure would appreciate any ideas or cost estimate that you might know about.Thanks so much....Phil