One other thing you could do is to call area banks and county people that have sent out notices and get on their list to alarm you when the send a homeowner a notice for payment.  

All their payments to me have been Money Orders, and I haven't kept copies of them.

Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.

I used 40,000 for a down payment to get my family and I a nice home in a nice neighborhood with above average schools.

You will find that NC has a much higher tax rate than the SC owner/occ rate, but typically a tad lower than the NOO rate (again this will depend on county).Where the calculation gets even more tricky is the value premium placed on a home by location.If you are looking at Charlotte for example, the national builders who operate in both markets will charge a premium on Ft Mill and Lake Wylie areas over Charlotte addresses for the same floor plan, because they know owner  occ buyers will pay the premium because their monthly payment will be the same for both neighborhoods.If you are in Rock Hill here is a fun Saturday.

She has not yet maid any payment - was going to pay the security deposit through eRentPayment today.  

Usually that means that the borrower has started missing payments.

Hypothetical situation:If someone had a property worth $100k, and owed $50k on it but fell into hardship and missed payments where had could go into foreclosure and had payments in arrears but got back on there feet.

So if you loan $50k at 12%, you're monthly interest payment is 1% of loan or $500 in that example. 

Let's say you have capital for down payment for both and good credit scenarioA.