Try to avoid throwing everything away.The resident can collect monthly payments until the property is purchased in full by the GNA, or can cash out and a traditional loan will be sought for GNA to finish the purchase.If there is an “owner carry” deal currently established, then subtract the remaining rehab costs as a principal payment.If the GNA is simply purchasing the property, then it needs to fall into “70% rule”.Purchase price = 70%ARV - Est rehabThis option typically leaves less money for the original homeowner, when compared to the “owner carry” structure.Allow for equity transfer to other properties in the GNA portfolio.This option might allow for the lowest cost to process everything,Bring every aspect of the property up to common standards.

I know there are several apps that can manage rentals (including rent collection, expenses, etc). 

My tenants have bounced paper checks and also bounced electronic payments done as ACH transfers via a popular online rental management software. The 3 to 4 day delay on a paper check or ACH transfer is hard for them t...

Here's my idea. I legally cannot qualify for any sort of loan (I’m only 16), but I CAN help Investors find good deals right? So lets say I set up a lead generation system to find distressed properties, analyzed them, ...

Reconciling four different utilities (elec/water/gas/internet) whose bills arrive at four different times and pro-rating all that for different move-in/out dates is a real drag, as is collecting small amounts from multiple housemates.

Do I sell it and so that I can collect my money?

There is also a sight concern of COVID-19 and not collecting rent right away, but I do not see that as a long term issue. 

40 years of credit and collection experience, 20 years of commercial land lording, 20 years of debt buying and I'm still not sure I know enough to start a fund. 

And let dad know that if he does not deliver an empty unit by April 30 that you will evict him and son because the lease is with him when evictions open, and you will collect the back rent, including the increased rental amount from whenever your notice allows, maybe June1?

If I purchase a tax certificate and the property isn't vacant, but has renters, am I entitled to collect the renters monthly payments from the house or apartment units until the owner redeems?