I am hoping to go to closing and collect payment.

Collect their application fees and screen them against your written criteria.

You are correct in saying you can be sued for any amount but they cannot collect what you don't have.

Was hearing it is hard to collect on the 12 year late in the game.

Even if you decided to go ahead with it, you'd most likely be in violation of state law, as at most you can collect, 1st, and last, or month & 1/2 and last. once they've occupied they could simply take you to court and get the excess refunded,and the judge may take the opportunity to make an example out of you, they will not care who's idea it was originally.

Since you can't disciminate based on "source of income", I think that requiring employment would violate that.One thing that I like to see is if they're collectable.

They only want to collect the hefty penalties of 12-18% from the late tax payers as a way of getting high returns on low risk investments.

Better to attempt to collect later than to throw a monkey wrench into their plans for leaving.

He explained that I will pay no payments during the six months but he collects his interest, insurance, and taxes on the property for one year up front.

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