Many wholesalers use contracts that are so flimsy they may not hold weight in court. 

If you get a letter be prepared to go to court.

Courts may also weigh whether the seller had professional experience (e.g., being a flipper or licensed contractor), which can raise the standard of what they “should have known.”If a buyer sues and proves that the seller knowingly failed to disclose a material defect, the court can order the seller to pay for the cost of repairs, rescind the sale, or compensate the buyer for diminished value.

In Ohio, the property manager usually can't file the eviction complaint in court unless they're an attorney.

But:-It's very unlikely the court will prioritize your claim over the former owner or other lienholders.

However, courts have ruled that late fees must be “reasonable” and not punitive, which is a bit of a gray area.

-Most importantly, I will be pursuing this inCalifornia Small Claims Court, because the delay has already jeopardized my property sale. 

By the time we evict, we usually have balances-due around $4,000, sometimes more, depending on circumstances.Steps:1) Go to Small Claims Court (in most leases filing fees and attorney fees can be added to the debt owed by the tenant)  Bring all your tenant-related paperwork showing what they owe you.2) Get a money judgment from the Court3) Hand that money judgment off to a collections agency that will go try to collectIs it worth it? 

Now, bankruptcies often take several months (and in some cases year), to work through the court system.

Initially, we had a 60/40 profit split, but due to delays with a court judgment and the fact that there were $29,000 in back taxes, we adjusted the split to 42/58.