If you have a secured 24/7 drop box somewhere that will eliminate the "lost in the mail" excuse.

Non-recourse means that there is no recourse that lender has against you or your IRA, property is the only security for the loan.

That being said, I've heard stories of the craigslist killer, and other nightmares, so I definitely had my guard up.

I'm off to a good start with these rentals--I ran background checks on my tenants, collected a full month's security deposit, setup online bill pay and have good tenants who are paying on time.  

In the agreement, the tenant agrees that the unpaid prorated rent may be used to cover the cost of damages, in addition to the security deposit.Quit And Vacate Early Termination Of Lease.

I need else's property for 30 days in return for $50 000.00 to secure a $15 million loan already approved.interested in oknvestinginvesting in wholesale proproperties in California?

Ft built in 1983 and the asking price is 135KMonthly Rents: $ 2,475  Annual Rents $ 29,700 Annual Vacancy 4.0% $ (1,188)  Annual Expenses 55.3% $ (16,418)  New Taxes 1.25% $ (1,682) Annual Mortgage Payments $ (6,338) this is a unit in a condo, the condo complex has tennis courts, swimming pool, community laundry room, and security gate (i'm workign on the comps with a realtor)Does that look like an attractive deal finacially?

I have an LLC with nothing (no credit card, no assets)I understand (generally) that in order to initially get 'business credit' for the LLC one must use their own 'personal credit' to secure a loan. 

In such cases, you may not be able to evict but will need to foreclose and that means a judicial foreclosure as you don't have a security agreement with a lease option. 

At the closing you should have received any security deposit money and any rent money that was received for the month of August prorated to the 3rd.If you didn't and/or if it wasn't even mentioned throughout the closing process ask your lawyer/title company why this is.