Back in my day, if you missed a payment (which as an investor I never did), the loan servicer would just start foreclosure proceedings as soon as possible.

This was a primary home purchase back in 2018.

Coming to the end of a thorough renovation and the fruits will be arriving shortly.

Coming to the end of a thorough renovation and the fruits will be arriving shortly.

But its near an end and this house will be top-notch shortly.

Smith sell their property to either investors OR end buyers who are willing to pay market value.Not everyone wants to start a marketing and sales business so I'd second @Nicholas L.'

But, that should help keep you focused and not hold you back from taking action. 

I ended up using a combination of XL (each loan has it's own tab with loan details and amortization/payment table), Outlook Tasks/Reminders (to track upcoming due dates/maturity dates), and QuickBooks (for general ledger)...all held together with some bubble gum. 

if you do it right you'll get all your cash back... and no cash flow. 

Downsides are that he gets none of the potential upside when the property may be sold down the line, and we have to find a way to ensure that we build enough equity in the property to do a cash-out refinance when the loan term ends to pay it off.