You cannot collect rent on any mortgaged property, even if you just purchased it.

Owning a mortgaged property still counts toward completing a color group. You can still collect double rent on the unmortgaged properties in that set.

Before a player can sell or mortgage a property, they must first sell all houses and hotels in that color group back to the Bank at half price. Handling Bankruptcies

When you acquire a mortgaged property through a trade or sale, you have two immediate options regarding the mortgage:

You must pay the Bank the mortgage value plus 10% interest. Once paid, the deed is flipped face-up, and you can begin collecting rent or building houses (provided you own the full color group).

You cannot build houses or hotels on any property in a color group if even one property in that group remains mortgaged.

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