The banks are just going to have to work with you or write off your notes and see you filing for bankruptcy. I used to be in the residential rental business and have an associate, now, who just laughs at bankers. He is always making a new deal with an enormous loan to rehab an older property. With this money he pays off old loans, does a little work on the new property and puts the rest in his pocket. Then he goes back to the bank asking for more to complete the work. What can they do?

Put all of your deadbeat tenants to work physically helping you clean houses, unless they want to be evicted.

"When you owe the bank $50,000.00 you have a problem. When you owe the bank $50,000,000.00, THEY have a problem!"

J.P. Morgan