I get a judgement and execution and contact the local constable.After a month or two, if they don't pay they get summonsed to a payment hearing.If they don't show, now the constable threatens to arrest them if they don't pay.Just collected 5k judgement doing this.Good luck

Another option is to get an interest only loan, which reduces the payment amount and thus allows for more cashflow.

., if the housemate who’s leaving was covering 75% of your mortgage payment, that could be a major problem…but if they were only covering a small portion of the mortgage and/or they’re easily replaceable, it might not be much of an issue).Moderately important: anticipate and manage your relationship with the housemate tenants.

But multiple credit cars, car payment, rent is a no go.I've had a few tenants that went thru foreclosure when the market crashed, and want to rebuild.

So a big monthly payment you're thinking?

Once you do, begin the termination for non-payment process that your lease (hopefully) spells out.   

If they truly had your best interests at heart, they would defer the payments until you made a profit. 

This will have a significant impact on your loans, especially on lower balance loans or loans with low payments. 

Call note due demanding payment in full within ___ days for breach of contract etc etc. 

They are scheduled to have their last payment Nov this year.