I'm not getting a lot of traction with leads, and am bleeding money each month. 

This is one reason that people have been saying cap rates would be going up because why would you buy RE at a 5 cap (5%) when you can take that money, in todays interest rate environment, and invest it in safe investments that take zero of your time and don't have unseen expenses, and get 5% or better?

Tax preparers usually charge another $500 to prepare the 3115 calculation schedules per property so that saves you money.

BTW, we have received some nice checks years later from a few tenants who decided to pay off their judgment to close on their dream house.Does this practice often result in you collecting some money?

Tax preparers usually charge another $500 to prepare the 3115 calculation schedules per property so that saves you money.

Another thing I don’t want to do is waste money.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

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You could always buy in cash and pull out the money later as well.

I’ve had to get some legal opinions on it so I’m not wasting money but the general consensus is the same.