You get nothing for your time and you have all the costs of advertising and collecting as well.

Without knowing what the needs of a seller might be, you need to assume the seller will want some exit and not have to be involved at age 90 collecting payments.

In 2014 that contract needs to be with a loan servicer as well, the seller can't collect the payment directly.

Still sitting empty after a year and really not much closer to collecting rent.

Dismissed is the list you want because once the BK is dismissed the court releases the Stay of collection and creditors can pursue collection, meaning filing for foreclosure.

we charge a fee they fill out the app and a form giving us permision to check credit and background that we collect the fee for.

This is why I don't have and I believe I will never have a rent collection problem or renters trashing my houses.

I have a tenant who "slipped on soap and broke tub faucet off". She is section 8, so I don't think she would have money for repairs up front.

I don't mind paying for general maintenace but fill this is her f...

(collections paid, etc)2) You're properties are not lease yet so the PITI is counting 100% against you just like a car or credit card payment.

Please sit down and think about what your process should be regarding holding a property and put documents (contracts), collection policies, and your state's law abiding practices in place to achieve your desired result.