Last year I demo'd 3 hoarder houses.One I took an astonishing 300k pounds of garbage to the dump at the tune of 60k... now that included the house LOL.. but half of that was stuff they collected over 12 years..

@Omari Heflin There're a lot of resources. 

Does anyone know if we decide to work with a different property management company if they can take over our property since the one we have right now has not done anything to collect rent?

The bank's main goal is to collect interest.

I greatly appreciate the insight, and resources you've given me.

But I can't find the original or the CD I had with the file, so I thought I'd see what resources others signing deals have been using.

Ideally would like to get it rented before the Holidays kick in.The new applicant we have has good rental history (no evictions, good landlord reference) but pretty bad credit (more than 5 accounts with charge-offs and collections that have just been reported in last 2 months).

Also, in regards to the capital I was planning on collecting money from investors for the down payment (family, friends, etc).

The tenant gave us 60 days notice - and we're through 1/2 of that notice.I'm somewhat of a newbie (as these are my first vacancies) - but my PM originally told me it would take 2 to 3 weeks to rent and it's been 30 days now and I've only gotten one unqualified tenant which I had to turn down (didn't meet 3x income to rent ratio and had too many recent chargeoffs / collections).  

Go to the books section and buy some book on rentals.Ask family, friends or pros on here for a copy of their leases.Read, write (copy and paste), review, revise and continue to update your lease.There are so many resources on here.