Last trip, I stopped at Goodwill and others and bought a ton of Cargo pants, Black dress shoes, and dri fit shirts for around USD$1 to $3 each. 

You’ll be changing the insurance from a homeowners policy to a landlord’s policy, because otherwise you would have zero insurance, and that’s not good. 

@Michael LewisYour book on the 2008 crash was good.

Having personally worked with Zach, I will unequivocally vouch for the fact that dude values customer satisfaction and customer good will, above all else, no matter what.

You may be building goodwill with a payment plan, but you also may be voluntarily losing revenue for a few months before having to lose even more months involuntarily when the situation has not improved.And you mentioned these folks live MTM, so I hope they are on MTM lease to be congruent with that lifestyle. 

You’re not legally obligated to cover it, but depending on the tenant and circumstances, you might choose to offer a goodwill gesture (like a rent credit or partial reimbursement) to maintain goodwill—totally up to you.

I am starting a good will campaign to creditors to see about getting lates removed. 

Still, for tenant relations, you might consider a one-time removal as a goodwill gesture while reminding them of the lease terms going forward.

I would only be purchasing the operations, furniture, fixtures, equipment, and any goodwill or reputation. 

Sometimes someone higher up can set the local government straight (in exchange for "good will" and votes, of course).