They will likely put a lien on the property for the costs of demolishing the house and hauling off the debris. 

Wesley - Understanding Tax Lien and Tax Deed InvestingThomas C.

For taxes, I have a small notebook where I keep track of rent, strata fees, insurance, repairs, etc. 

Off season...)We are far out of town so having someone come by just because isn't really feasible.

A foreclosure/ auction/ etc. is going to give you the delta you need to make it pay off.

I think you are somewhat off on #4 as well.

That will probably put enough pressure on them to back off.

He mentioned they’ve had trouble paying on time lately.2) This place rents for $1,500 now, could be as high as $1,650 fixed up more but the total mortgage payment with taxes and insurance would be about $1,500-1,600.

Hello everyone, nice to virtually meet you all.This is my first post on BP, and I write professionally, so I apologize for the longwindedness.

My wife and I are in the same boat right now, dabbling at listings or off market whole sale "deals", or paying down RE debt.