Construction, especially in less regulated states like Texas, has a higher risk of non-performance.

Hard Money Lenders are here to get you your money back within 10-14 days in order to free up capital to purchase more or perform rehabs.

If you have information that they are responsible tenants, I would raise their rents no more than $600 and allow them an opportunity to perform.

Make it a point in your property rules to have tenants maintain proper egress, clean the home regularly, use the ventilation devices appropriately, and report to you in a timely manner any mold or moisture problems.Here is a clause from our rental agreement that covers this....MAINTENANCE OF PREMISES.Landlord will maintain all electrical, plumbing, heating, and other facilities and appliances supplied by Landlord in good working order.Landlord will perform periodic inspections of the premises, no less than once a year, for the purpose of property maintenance and repair.Landlord will notify Tenant in advance of the inspection.

Another investor looking for a portfolio of good performing properties that has a self direct IRA may buy it for a retirement vehicle at retail pricing.  

It doesn't sound like the current one "won't" work, but you might both have different ideas of the expectations of the role....define it and give em a chance to perform.

We are just in the Millstone area and we invest in Performing and Non-performing Mortgage notes. 

The license law provides that a licensee on inactive status may perform the acts of a licensee only concerning property he or she personally owns.

I want to have a reasonable, conservative set of info on my insurance plans, legal basis for outsized deposits, my partner's experience as a host, as well as how properties in these neighborhoods perform. 

Lots to think about.I hadn't considered the option of purchasing performing mortgages.