Being the highest quality locaitons in all of MS or at least central MS you get the very best tenants.. then my office staff handled the monthly collections.. so hybrid.

Checking: collect all income here, then use it to pay bills.

These software's can run all kinds of reports and also help you with rent collection and accounting for vendors etc.

The most successful investors systemize and delegate.How to Let Go (Without Losing Control)🔹 Automate – Use rent collection software, project management tools, and automated messaging for tenants.🔹 Delegate – If you’re spending hours on tasks that someone else can do for $20 an hour, it’s time to outsource.

Quote from @Amanda Henry: We are attempting to collect a $572,379.35 judgment against Chau Ong for investment fraud in Texas. 

Because instead of collecting one rent check per month, you’re collecting multiple payments from different tenants.

.#2 if the owner doesn't want to buy it back, I can begin collecting rent since I control the deed in my name at that point.  

Good luck  Total Rents Collected: $23,025/mo Debt Service: $12,358/mo (sad for me. 8% interest rates lol) Property Management 10%: $2,303/moReserves (Vacancy 5%, Maintenance 10%): $3,454/moPhantom Cash Flow: $8,365/moTrue Cash Flow: $4,911/mo (Money I can legit burn)  bob as you probably know I owned a few hundred of these types of homes from DetroitCleveland to Jackson ms  Birmingham balt city etc etc.  

A few things I would ensure you are doing in your collection Process.1.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.