Values do drop sometimes.Also, remember that cash flow isn't actually "real" if you can't collect it (and keep it) and can disappear at the whim of one tenant.

If it isn't good luck on collecting the difference with the tenant.

A couple weeks ago I noticed my neighbors were suddenly gone, but occasionally they'd come back to collect certain items but never over night.

,Let's say you only have $300K, and you get sued and the lawyer decides to go to court and let a juror decide, and they give the person that got hurt $2 million now they collect $300k from the insurance company, and they get a judgment against everything you own regards whether it is hiding behind a corp or LLC.

It is important for us landlords to proceed with care when filing an for eviction in court and to understand how to use the court information appropriately.Our local rental association collects unlawful detainer information from our county court.

Other will want to write a check and then just sit back and collect their share.

The BK trustee gets paid a % of the fees collected, a high % on the first $25k or so.

Usually you get a judgement with an eviction case and rarely are they collected on.

The regs are quite specific when it comes to collections and defaults.Read the updated reg letter at the Consumer Protection Finance Bureau.

If that's a no go, consider using a mortgage servicer so the seller doesn't have to collect directly from you.