Hahahaha these rent skimmers are going to have the last laugh. I know a couple in Arizona that defaulted on two homes while collecting rent on one of them and saving their mortgage payments. It took the banks a couple of years to handle the foreclosures and they banked huge money during that time. At the end, their credit was ruined but no problem, they had accumulated enough cash to purchase a beautiful home without a mortgage. They are now living the high-life mortgage free. He is about 33.