(I avoid single member LLC ownership as I feel they are more vulnerable if they are simply an extension of yourself).However, if I didn't have the mortgage note fully documented & duly recorded etc the IRS auditor was reluctant to allow the expense.The later is also good practice if you are using the mortgage to strip the equity to protect the asset.

Save up and pay cash.Financially speaking, interest is only your friend if you are collecting it.

The auto he drove was leased in the GF name.I sent it to collections for the 60 days, all damages & the water bill & got a judgement of over $3200 paying 9% (in those days).

A good Realtor does this kind of work daily and should be more experienced and practiced at negotiating and hopefully will get more money for you.

We always do it on every eviction.Then you reach the point where theory and practice claim they have never met each other.Collecting on a judgment takes luck, time, timing, patience and a really good sense of humor.

They had to throw in some old-fashion academic mess at the end of an otherwise very thoughtful and practical piece.

Whenever I have an apartment available I end up with dog owners practically begging for me to consider them.

They also service their loan (collect payments), so that's extra money.

Is this pretty standard practice?

He lost the property i was in back then and he continued to show up to try and collect the rent for 5 months after.