I reached out to a debt collection agency called National Credit Systems Inc. in an attempt to collect the payments owed.

While leases and rent collection are important, screening your applicants is the most crucial step in protecting your investment.

Quote from @Garreton Smith: Investors, what interest rates are you seeing for commercial bridge debt?

That’s fine we (you)work with the hand we’re dealt.Now, should you start collections while they’re still in the property?

Is it common to purchase a home with other debt?

Given that I have no debt and own a house worth 1.3 million, what are some approaches to leveraging my house with a HELOC to obtain cash flow to avoid employment?

This is what I am trying to do as well, separate all credit card expenses, collect rent, pay mortgage all through the LLC.

Make rent collection & tenant communication as simple as possible, without forcing tenants into another app.Rent collection via text – Tenants tap a secure, branded payment link sent via SMS (powered by Stripe w/ 2FA) - no app, no login, just tap, pay, and get an instant receipt.

The DST absorbs the excess debt. 

In addition, to factor in their debt load, I require the rent + monthly debt payments to be no more than 45% of their GROSS monthly income.