Will it be difficult to get reinstated if I want to pursue again in the future?

Time is your greatest asset and for me it was very difficult to stay on top of everyone while selling real estate.

Utility companies normally let tenants get pretty far behind before the landlord is notified- if the utility company puts a lien on the property for unpaid bills, it is better to have closer control over the bills- If there is a water leak or other problem with the property, the tenant doesn't have to bear the costDisadvantages of having utilties in owner names:- If tenants start using a lot more water/power, it is more difficult to quickly adjust rent or get them to conserve- with pandemic or other freezes on rent or evictions, there is no recourse for utility increases- if the tenant qualifies for low income utility pricing, it has to be in their nameOnce you decide what your guiding principle is, you can align your current rental agreement to match.

It's a much, much more difficult market to get into these days so I can't really recommend it.

@Nhan LeIf there is no contract it would be very difficult for either party to seek recourse.Find a licensed contractor and execute a contract.

(fanniemae.com)I will say though, that Fannie and Freddie literally just this past week put out new condo guidelines (as a result of the condo collapse in Miami) with even more stringent requirements, making it more difficult to finance condo's.

It seems like it's difficult to find a true buyer representative in this industry.  

But there were some maintenance costs and one of the tenants was really difficult for a few months and left $2,000 in unpaid rent and damages.

I have always been told the lenders can loan up to ten properties but find past 4 gets very difficult (If you have a partner put one on each name to get 8)Properties 5-20: GO LOCAL!

The market is tough right now and has been difficult to find any properties that cash flow or that I can flip.