Property managers, investors, & anyone else who can help.I am looking for a recommendation for a collection agency here in the state of Louisiana, specifically the Baton Rouge/LSU area, to turn over our delinquent accounts for collection.If any of you can offer a recommendation, I would greatly appreciate it.

And then you will be able to find the deals yourself plus collect commissions when you buy. 

You allow the contractor to build and collect a fee.  

Average annual rent collected in last 4 years = $30597/yr,  Taxes & Insurance $2620/yr, $ 8065 utilities/yr I have no money therefore I can't do this deal, I would need 100% financing.

Do they collect rent like an apartment complex or are they simply a contact point for residents?

Many of these communities like Safety Harbor, Dunedin, and Palm Harbor all offer monthly festivities with street vendors, pedestrian safe areas, live music etc.I could go on and on about economic growth, job growth, the number of people migrating to FL each year etc.  

Developing a new subdivision probably but not rehab a home.By the way since you asked above, in Coeur d'Alene property managers charge 8% of collected rents.  

Currently I'm getting my Master's Degree in Music at University of Miami.

If my friend fails to make Z number of payments to Wells Fargo I would have some “option” to step in and continue making payments and transfer the title into my name immediately (to then sell the house and cash in on any equity and just dump it).The motivation to do the following is about a $375 difference between my X payment and the rent collected.

And, as required by most states, the forner tenant would be notified of the status of their deposit, even if this means sending the notice (and then collecting it) to the last known address...the rental property.