Purchase price: $43,500 Cash invested: $20,000 Sale price: $165,000 I rented this house for 9 years and collected over $80,000 in rent.

The owner has not collected rent, paid taxes or made mortgage payments in many years on these properties. 

I would send them to collections (all people on the lease - not sure on the process in Texas) and be done with it.

Combined their gross income is 3.6x rent. 1 great credit score (mid-lower 700), 1 mid (Mid 600 no credit history), 1 bad credit score (mid 500, balances owing on closed accts but no collections no open accounts.)

After collecting $2,100 in rent, this would allow me to live there for $700 a month. 

If someone can recommend different way that they try to collect deposit, we will greatly appreciate that.Thank you all for your time.

Its been a side hustle for me mostly, because my main job (engineering) has had me relocate to different parts of the country and as a result I would buy 1 or 2 rental properties wherever I settled.I've gotten to the point now, where I want to add to my portfolio again, and collectively each of my building would allow me to pick up an additional building for 100% cash.

Where is rent from your tenants paid to, you as the landlord then you pay your property manager their fee or to the property manager then they pay you all the pretax income (NOI).Could you please go into detail describing your rent payment collections so I can learn.

For anyone in my shoes would you take it to small claims or collection agency?

If there is an issue, they are together collectively, not treated separately.