There is enough reserves to cover the mortage in the event of several missed rent payments and there is enough cashflow in the property that the account is continually building higher reserves despite the mismatched due dates.You are trying to create problems with your tenants by imposing non-standard due dates in my opinion.

Texas is very landlord friendly and you could probably get them out in a few weeks and a few hundred bucks in filing fees, but why bother?

I have standard purchase and sale agreement and assignment contracts but not sure if the wording and clauses apply to PA.

brian, you are correct... i paid cash for that house. i had to since it had no plumbing and i could have never gotten a standard mortgage.i was thinking to leverage that house, get a 80k mortgage, obtain a ~$400 payment (at 4%) and use the 80k to get another house cashflowing around $500 so that it can pay for this one.this one, i use one to get another house...

The landlord already filed eviction and received the Writ of Possession, so he can kick out the tenant and let me do the inspection.

There are more investment opportunites out there than you have money or time.Instead of trying to make this one work, walk away and find a better investment with no risk from the taxman.By the way, check the county clerk and recorder filings.

In Maryland they expire after only two years unless a foreclosure is filed.

I tell them that my two biggies are having an income of at least 3x the rent and not having any court filings from landlords.

Also, there are a ton of free deal analyzers you can get here at BP http://www.biggerpockets.com/files/category/spreadsheetsThere are usually way better ways to spend the money than on these guru programs.

My question is what is the standard(best) way to payback our private investor?