Best thing to do is evict immediately upon non-payment, keep their security deposit to cover most of the losses, swallow your pride and eat the rest.

Now that I've (most likely) secured a good SFR for the family to live in, I too can start focusing on the REI business.Good luck!

Or maybe a larger security deposit?

If lender cannot seek liquidation of collaterals securing loan and no one is up to wasting money to open probate in order to have standing, only to facilitate a no-win short sale?

Conduct lease audit and make sure all documents are there (application, lease, proof of income, proof of payments for security deposit etc.) 

I recently acquired a property in Michigan and a former tenant is now claiming that I owe her the return of her security deposit.  

Contingent on inspection.Cash/Ability to secure financing.

I'm now looking for a second property and I was hoping to move into the new one in order to secure the same type of financing.  

SEC Regulations prohibit open advertising on securities, including returns secured by real estate. 

Home owners pay HOA dues to cover updates to administrative and billing records, changing and exchanging security codes and cards, creating monthly billings and home owner financial status documents.