The county holds that money for 3 years then it is defaulted to the county and the municipalities.If you get the property, you still have an imperfect third party title, which may require a Quit Tittle Action (a lawsuit) to perfect the title and make it possible to re-sell or finance the property. 

She has been a perfect tenant, she's clean and takes good care of the home.

This person claims he will be coming to the states to work for a year, and that after seeing your listing he thinks your property is perfect for him and his family.

Makes perfect sense.

Bridgeport isn't picture perfect, but the mill rate is (a little) lower and there are not as many areas of seemingly entire abandoned blocks of residential property.Home prices and rents are generally higher in Bpt.  

That is not to say that the tools you mentioned should not be in people's toolbox or it is not good to know but more than they should also know that it will be very hard and that there may be other options they should consider such as working with another investors, build up a team of contractors or becoming a RE agent first to learn.What I think most people are speaking to here are more all the people who think they are just going to go out there find the perfect deal and close without having to put any money in, build up a reputation and build a large amount of expertise, fix their credit etc.

Your rationale makes perfect sense.

In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.My system is simple, allows for tenants to pay through multiple means, and does not cost me anything extra.

Rental prices are the first to immediately reflect a change in the market but prop prices will follow. this is also the perfect time for everyone who was complaining about how expensive 2-4 units were to jump in! 

I've thought about writing contracts in my name and then assigning them to my clients but that's obviously not a perfect solution for many reasons.