Get a judgement then turn the judgement over to a collection agency.

In Louisiana you can confirm your tax sale, receive a judgement with quiet title and wait for years and all the big national title insurance companies wont touch it.

When rents were forced down the owners with the good locations ended up with all of the surviving tenants - and the owners of the poor locations were in hot water.I think it is a common mistake in judgement to think that "luxury" items are the first to go in an economic squeeze.

I never made a judgement on it.

Storms, heavy rain, snow, winds, extreme temperatures can all damage your home. 

Sure, you'll get something of a judgement, but you likely won't be able to collect on that unless the debtor voluntarily pays, which is rare.

I haven't.I have talked at length with some judgement companies before going after tenants.The jist of it is usually they like going after a certain size of judgement.They pay for court costs and then split with you 50/50 after deducting costs to collect.It takes on average the person was telling me 3 to 4 years to get a good chunk of the money.Some will buy the judgement from you today of course for 10 to 15 cents on the dollar of face value.Of course they will check to see if the debtor is judgement proof.In that case they won't buy it at all.So yes you can make money at it but not get rich quick.

@Chris Seveney  I beleive Chris knows alot about Scott Carson.. and there are very long threads on this individual doing partials and investors getting wiped out and lawsuits filed and I think i read judgements being rendered against him.. try to find the threads on BP before you jump into that bath tub.. 

June was 75% fog and rain which surely led to some cancellations (and a long season coaching my son's little league team!)

Quote it.Chances are you won't need a lot of that stuff....if tenant shows, 99% of the time you get automatic judgement.