Kind of a no brainer for cost when it comes to all that.

Would anything happen if I just collected the money to pay the mortgage with no real book keeping?

If so, how were the insurance costs looking on these homes?

The units are nice and have no issues at all.A lot of people ask why we cannot get them out it is very simple there is a huge backlog at the county courts and that is why it is extremely slow. 

The deal fell apart, and not only did we lose the $5,000 assignment fee, but we also lost the $5,000 we had loaned to the sellers, who admitted they knew about the second loan but never disclosed it to us.When we asked the sellers to return the money, they told us it was already spent on Christmas presents and moving expenses, with no intention of repaying us.This experience was a painful wake-up call.

No Personal Income VerificationMany investors, especially those who are self-employed or have fluctuating income, face challenges qualifying for traditional loans.

It requires virtually no education, but demands higher availability in exchange (on-call).

There's effectively no chance that the Fed will cut rates by anything more than 25 bps.

So it depends on the amount of the equipment.I have a CPA handling my taxes, and years ago, he set a $1,000 limit originally for deducting equipment which had been increasing over the years, so I no longer ask him annually.

It just makes it easy for other people to say yes or no to you ...