If this is in excess of your needed amount, you can still take the full amount.  

Wisconsin law doesn't directly deal with late fees, however you don't want to charge too much and have it seen as "excessive" by a judge. 

Most of the horror stories that I often hear are about supposed lenders disappearing with what was supposed to be down payment/deposit money so when upfront money starts getting excessive, you have to be careful.A certain Harbor Group is an example of such a company that did cause many members on here to loose thousands of dollars.

My plan has been to continue buying SFHs until I can generate enough excess cash flow to buy the asset types (large multifamily/commercial) I truly enjoy.

My score is still above 660, but the collections and excessive inquiries are eating my lunch right now.

**IN THIS EXAMPLE, ANY BIDS IN EXCESS OF $40,000 WILL BE SUBJECT TO A BID PREMIUM—20% OF THE AMOUNT IN EXCESS OF THE $40,000 (40% OF FULL CASH VALUE AMOUNT).BID PREMIUM EXAMPLE**FOR THE EXAMPLE USED ABOVE, WE WILL SHOW A BID PREMIUM CALCULATION FOR A BID OF $50,000.BID $50,000 (50% Bid Factor X $100,000 Full Cash Value) 40% OF FULL CASH VALUE $40,000 AMOUNT IN EXCESS OF40% OF FULL CASH VALUEHIGH BID PREMIUM $10,000X .20 BID PREMIUM DUE $ 2,000SALE AMOUNT $ 1,000 TOTAL AMOUNT DUEDAY AFTER TAX SALE $ 3,000 INTEREST EARNED BY INVESTORS18% ON SALE AMOUNTS0% ON HIGH BID PREMIUM I understand from this that you wouldnt want to bid more of a premium then you would get back from intrest on the sale amount unless you could get the property.

Should I be concerned that it seems that there is an excess of inventory or should I see that as an opportunity?

Your property goes up in value.The utility company pays you for excess energy that you’re not using.If you’re interested in getting a free quote so you can look at the numbers feel free to contact me.

Meaning the current debt on them is in excess of what I paid.

The tenant sued and the court awarded the tenant back the amount in excess of the pet deposit.