Dismissed is the list you want because once the BK is dismissed the court releases the Stay of collection and creditors can pursue collection, meaning filing for foreclosure.

we charge a fee they fill out the app and a form giving us permision to check credit and background that we collect the fee for.

This is why I don't have and I believe I will never have a rent collection problem or renters trashing my houses.

I have a tenant who "slipped on soap and broke tub faucet off". She is section 8, so I don't think she would have money for repairs up front.

I don't mind paying for general maintenace but fill this is her f...

(collections paid, etc)2) You're properties are not lease yet so the PITI is counting 100% against you just like a car or credit card payment.

Please sit down and think about what your process should be regarding holding a property and put documents (contracts), collection policies, and your state's law abiding practices in place to achieve your desired result.

The board can collect amount due from tenant without question.

You'll still own the house, both of the option agreements will expire un-executed and I'll get nothing more than what I've already collected."

Previous years revenue is not that appealing, thus I have negotiated the below for the new contract. 1) New Energy efficient machine will be installed. 2) Coin Match will collect the cost of 1 cycle per machine per day and the remaining will be paid to the owner.

With the $532 P&I payment and you living in one unit, this actually looks like: $690 (collected rent) - $690 (vacancy, capital, expenses) - $532 (P&I) = monthly loss of $532.At the very least you will be paying taxes and insurance each month.