Clearly you collected paperwork in some attempt to review and understand them.

You are then responsible to collect the balance from said tenant.

But doesn't look very good.Next, in January, you won't be able to collect the payments yourself, you'll need a servicer to collect them under new regulations, that is another federal matter.Next, and strike three, you have an agreement that circumvents foreclosure requirements, now since Texas doesn't allow installment sales, it won't be allowing an installment with any equity amount to require or exempt the foreclosure process, so again, you stepped on it.If you have made any arrangement to convey title after the financing, it's a purchase arrangement and they folks in that house are not tenants, regardless of what you would like to call them, they are buyers, with ownership rights.I'd honestly say you're screwed.

I can also file a second cause and supply an invoice for lost rent, late fees, eviction costs, and anything else the court deems acceptable and file it against the tenant and then send the collection agency after them.

I think you'll fin that a one man shop will be tough to do to stay up with compliance, next year you won't be able to collect you own note on a residential deal.

Typical 1/1, but in her bedroom I saw 2 spots she has a bucket collecting water leaks and the ceiling sheetrock is stained.

Collected rent minus expenses (minus interest if you have a mortgage) equals cash.

If you don't have the money to lend, then you need to find the money for somebody, you must streamline that process to a lender and collect a commission on the job, which may or may not be legal collecting money if not a licensed realtor or lender.

They run for miles and collect alot of groundwater.

Just stick to methods that are proven to work/collective advice from more experienced investors and you should be okay.