It all depends on the tenant base as mentioned.The bad credit ones will wait and see if you pay the money to file eviction and will not care about the notice you give them.Make sure in your lease you have language that states the security deposit CANNOT be applied to last months or any months rent.If you do not have that in there you can be in trouble.Sometimes if the tenant is a good tenant that falls behind the landlord will let them apply the security deposit to catch up that one month if it makes sense.You need to get an written agreement in writing though signed by the tenant authorizing this.With college degree highly educated tenants the job is more stable,they have reserves for bumps in the road,etc.This is not always the case but works in your favor with percentages.With lower income the education tends to be less,they work 2 jobs to pay the rent,the rely on multiple incomes in the house hold to pay the rent,charity assistance,government programs,etc.The cash is more but you are almost a social worker and the drama that comes with it can be too much to deal with at times.

There are plenty of people who meet the description that you're looking to network with, but you probably want to let them know who you are, what your experience and expertise are.I think this presentation will prove to be helpful to you: How to Use the BiggerPockets Social Network To Build your Real Estate Investing BusinessI look forward to learning more.

Here's a presentation that might help you find better results here on BP and elsewhere online:http://www.biggerpockets.com/renewsblog/effectively-using-the-biggerpockets-real-estate-social-network-to-build-your-business/I hope that helps.

It has been socially acceptable to skate on your obligations and that is a shame.

Be sure to join RICH club in Houston, I did many deals from contacts I made there through the years - great place to learn, network, and socialize!

I'm sure there must be someway to account for it, but I'm not sure what it is or what information is needed (i.e. do I need the person's social security or tax ID #).

At first it was interesting to be kept up to speed as to law changes, networking with other investors and just having a good social environment.

This is not to say they couldn't let you off the hook, but if they want to seek the deficiency you'll end up paying it, IMO.It can make life rough, you open any bank account, they can nab it, they can take future assets, they can garnish wages, they can even take it out of your social security payments!

I lived across the street from our municpal judge and asked him about it, he said sometimes you have to get things done on your own toughness.I let it be known at work and some pilots agreed to look for him as a training mission, flying search and rescue patterns, tha is a valid training mission.

You have higher turn over and more social problems with the tenants.