Naturally, longer-term tenants would create a substantial reimbursement, so maybe discontinue additional collections after 5 yrs, or a rent-reduction for 'long-term' residents.  

Things to consider:1) Are you collecting first months, last months, and the security deposit?

- The title company closing the transaction will collect (from the seller) and disburse (to the mortgage company, other lienholders, real estate brokers, etc, and the seller) all of the money.

Very impressive.

You lose time and will probably win in small claims if you have your ducks in a row… then you have to collect.

You collect the 1-2k of EM each time, but it's pain in the butt, especially when you have tenants there.

You can also have an agent represent you, collect the buy side commission, and still do seller financing.

This is my first partnership multifamily deal after purchasing and renting my own properties, and I'm a bit lost on this topic.My goal is to have equity ownership, take advantage of depreciation, and hold the property in the LLC long term, while collecting distributions and paying applicable taxes on those distributions.My intention was to assign % ownership when the entity value was $0, like can be done when founding a company prior to incorporation.

Basically I was gonna use the 7 day free trial to my advantage and pay the 97 a month and then do the skiptracing and cold calling and try to get the properties under contract and collect the monayyyyy

But....if you see someone who gives you the impression that they might be a great tenant, and you see them looking for a place, you might want to reach out.