Keep records when collecting rents, etc.       14.

You collect ALL coins.

Our lease does say, 'jointly and severally liable'...Would it be better for tenant #1 to sublet the 2nd bedroom and be responsible for collecting his half of the rent from the new tenant ?

I will have a collection agency go after your bank account and get a garnishment on your paycheck.

I am working on bidding up on tax deeds and have done extensive research and feel ready to start on my first bid!

Like having to "collect" rents.

Also, was able to collect some rent while holding the property which was an added bonus.

Also, was able to collect some rent while holding the property which was an added bonus.

I see it as remodeling your homestead prior to selling which does not require you to treat it as an investment unless you actually then rented it out, collected rent and depreciated on taxes.  

There's absolutely no way I would pay a significant fee that was not contingent on performance of my due diligence.What would stop an unscrupulous seller with a property having a known major defect from dangling that stinker out in the market, attracting some unsuspecting and hapless would-be buyer, and then collecting easy, non-refundable money from them?