After the 7 days we sent Complaint/Statement of Claim to the court.

But when I went to my attorney (in Buffalo) wanting to do a rent-to-own, he says he doesn't like them because they aren't enforceable and you can't just evict the non-paying tenant and that it basically ends up being a foreclosure.

So I guess that covers the basics with some extra details and poor grammar thrown in for good measure.

They also have roundtable discussions every night for several hours which can be worth the price of admission in and of itself, the speakers or someone that is a expert in an area heads each table and you basically sit around and have a conversation about certain topics and can ask the table head or anyone else there whatever you want.

The biggest problem is that since the tenant was rather young, all the previous addresses for herself were apartments so I have no permanent address to trace back to her.After reading advice on this forum, I've realized that going through small claims court for the money is not worth the trouble and money. 

Consider his book, "Cash Flow Quadrant" as a must read, but at a lower priority than the other 2 I mentioned.I've basically had to set aside almost all business activities for about 9 months now; leaving rentals rented and unable to pursue anything new for awhile.

Hi @Nikki Beall,For us, it was a matter of getting to the point where we understood the basic fundamentals of investing (from books, podcasts, etc) and had realistic expectations of what we were getting into (the good, the bad, the ugly). 

In LA sheriff sales parking lots are basically rolls Royce dealerships.

The Property is basically break even cash flow after PITI, reserves, etc.

Basically, banks determine what the lowest rate they are able to offer without points.