File a notice to pay the day after rent is due when not paid, learn your state landlord tennat regulations and inforce them swiftly.Time is of essence, you can not listen to tenant excuses or promises until after you file your paperwork.

I also checked and it seems that the State that you want to invest in is also classified as a "Tenant Friendly" region, meaning that your renters are protected by the government in being late on their payments and you will need to wait longer in order to evict them from your property. 

Mike is correct, you should ignore me and learn your state landlord tenant regulations before dealing with tenants.

Banks change their policies all the time and state and federal regulations will sometimes dictate these changes.

If a Tenant violates the Declaration, Bylaws or Rules & Regulations, the owner shall also be held responsible. 6.

Hey guys, I need your input.I am a 30 yr. old local government employee who wants to be a real estate investor.

I'd much rather the government take 25% of the accrued free money than the alternative. 

Then get into zoning regulations and stuff like that, but that can come with time.

People here still remember 16.5% staggering mortgage rate sometimes jumps more than 1 pt in a day.The inflation stats government uses does not include cost of energy or food prices.

I have a city I invest in where the municipal government knows that I manage them from afar, and the emergency contract they have is one of my contractors, who has agreed to be the emergency contact.Your friend could give you a nominal fee for being the emergency contact.