Once you have them evicted, you can hire a collection agency to go after them, but in the mean time, you'll be able to start marketing your property and hopefully, collecting rent on it.

Once you do, begin the termination for non-payment process that your lease (hopefully) spells out.   

I bought my second property last year, and hope to make it work for a third this year.

Good luck with your house flipping business, and I hope you find the right professionals to guide you through the legal and tax aspects of your venture! 

Hi Richard, I Live at the Jersey shore as well and might be interested in the (depending on the time commitment) -- Really hoping BiggerPockets network continues to grow in our area.

The old one might be worth $5 at the scrap yard - if you have a truck, that's probably not enough money to take it there by yourself, but if you have a place to keep the old one until you have a truck full, then it might make sense.I hope this helps!

I want to pay my credit cards off ($15k) and adopt children (estimated to cost $10-15k) My company will reimburse me the adoption fees, but not until it's finalized so I am hoping to do a HELOC so I can re-use that monies later on for bonus items like a pool or something fun for the kids.

On the numbers, once we leave it will cash flow nicely especially once we refi down to hopefully a 5.5% rate next year as its owner occupied.

Hope that helps

This hopefully would be a seamless addition.