For us, the best practice is to drive by and observe the exterior often (monthly is good, weekly is better), inspect the exterior in the spring and autumn, inspect the interior regularly (semi-annually is good, quarterly is better), and deal with maintenance needs and damages as we find them.

I'm saying this as a caution to those who think subprime caused everything - in reality, subprime was the catalyst (ie, COVID today) and as the equity disappeared, people defaulted in droves, as soon as it became Socially Acceptable to do so.COVID essentially just gave everyone a free pass to default, and not be embarrassed. 4th qtr 2021 is the concensus, among those I still talk to regularly in the Default Servicing space(I used to own a mortgage lender/servicer company, back in2007, got out with my skin but barely.

There are a few other utah regulars that I've seen posing here.

I do not have an official waiting list but I do get asked about any upcoming vacancies from current or past tenants on a regular basis.

I regularly see appraisers select properties that push value down.

A regular 30 yr fixed loan would not finance a house needing foundation repairs....just FYI.

While I won’t be able to have these funds deposited into my regular checking account until I reach retirement age, I do have more control of the funds, and I get to continue my education and experience in various real estate opportunities I wouldn’t have access to without this strategy.

He also received a very fair rent and his properties were always show ready with us taking such great care of them and them being cleaned and touched up regularly.

@Richard F. thanks for your insights and sounds totally reasonable to treat late fees as regular "rental income".

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