hello Team,I recently evicted my tenant from my apartment and i was also rewarded the 4,400$ back rent the tenant owned me, now the tenant have moved to a new address that i do not know, which make it hard to take her to court to collect the money owned, i live in Worcester,Ma I have a feeling that she still live in Worcester,  the question is, what are my options at this point to collect the money?

If anyone knows the Virginia market, this property is located in Petersburg, VA in case that influences your feedback.I have negotiated subject to and owner financing to purchase the deal using the following structure: I will pay $8k in cash I will take over the existing $59k mortgage payments (28 years left) of $506.70/mo PITI paymentsThe owner will wrap the remaining $8k into a second 15 year mortgage of principal only payments of $44.44/moTotal monthly payment $550/moThe Deed of Trust will transfer to me at closingI will sell the property via Owner Financing to a tenant buyer using the following structure: Purchase price $85kPay $10k downI will finance the remaining $75k for 10 years at 10% interestMonthly payments of $1000/moBuyer may cash out anytime after the first 5 yearsTenant buyer covers repair costsDeed of Trust transfers when tenant buyer cashes property outBasically this strategy is a way to get all my money invested out of the property and avoid typical rental property expenses to keep all of the cashflow.

How much trust do you guys put into using rentometer?

It definitely takes an extra layer of communication and trust on both sides... if you invest out of state, make sure you get some client referrals and ask for pics/videos of your properties during turns and rehabs.

Don't trust their numbers because they're not the ones on the hook for it once the purchase is complete. 

If you go for apartments, that's a way to make cash flow here.You basically need to find someone that is familiar with the booming markets and cities here, find someone that you can trust your investment.Nick

Maybe it's harsh of me to say this, instead of "godspeed" - but it is the reality of this business.Once you get going and make some money - then is the time to address entities and taxes.

would like to acquire and rehab the property to force appreciation, but don’t know how to address it with the tenants.  

@Jason Kinkle  Have you tried Community Trust Bank?

If you trusted your agent then go with what you have and let them work for you.