If the account is only delinquent 5 months, not having a foreclosure started is not all that surprising.  

they must also make the property accessible to you and your workers with 24 hours notice, or less if it is an emergency situation.  

The only thing, that is surprising is the numbers you're throwing around.

Not surprisingly, housing costs constitute a significant part of the cost burden. 2.

And with rental properties, I think one of the main considerations is controlling your costs so you're not running around trying to make ends meet later on when surprises pop up.If you're only going to have the rental property for 5 or so years before selling and moving on to bigger and better things, it might be a different situation. 

I can't say I'm surprised that California is so terrible, but wow, look at Florida!

So you MUST know what surprises lurk out that that may break your deal.

I've lived in A, B, C, D and I think an F neighborhoods.http://places.findthehome.com/compare/70531-71305-71446/Buffalo-NY-vs-Rochester-NY-vs-Syracuse-NYI'm kind of surprised there isn't more activity on BP from Syracuse investors.

I am really surprised that you are considering so much work for a house that will sell for $115,000.

I tried to answer the phone when she called but I was dealing with a family emergency and I knew it wasn't the best environment to answer the phone.