The OP most definitely needs to get clear on his state laws regarding loan collection and late fees which are not similar to rent collection and late fees.

Lastly, there is one big decision to make: allow them to sublease, and they will collect rent and manage the other side (can be fraught with problems), or don't allow them to sublease and you still have to manage the other tenants until they execute on their first right of purchase.

They make a percentage of collected rent, and also do most maintenance and repairs using their own crew, which I am billed for.

It is okay to collect an earnest money deposit upfront and you are not obliged to be at the closing table.

Do Marshalls collect judgements in NY?

Give her written notice you will be taking legal action and turning it over to collections.

The hood property there is a lot of tenant damage, evictions, multiple collections per month to get the full rent in bits and pieces, increased book keeping costs etc.

Brokers are there for a reason, not just to collect checks.

I may flip "homes" via lease options, but when you collect an assignment fee, you are actually legally flipping the contract.

Ideally, I'd like to drive the property once every couple weeks, but basically never deal with the tenants.Not sure if this approach is realistic... just dealing with the property management for repairs and collecting rents.Anyone else in a similar situation?