I did, however, eventually evict the tenant for non-payment....so much for all the "extra" income.You could also explore switching to collecting 1/2 the rent every other week to accommodate the tenants poor money management habits.

As a landlord, you have an implied warranty to keep the place habitable.

It might work but eventually our bad habits catch up. 

People are poor because of poor thinking habits not poor work habits .

They can perform constructive eviction only if habitability requirements have not been met by the landlord.

Look at Detroit as a case study, it experienced a large population decline and price declines but people still rent houses there, the surplus housing was abandoned, fell into disrepair and is now not fit for habitation. 

The IRS has made it a habit of disallowing such exchanges. 

Option 3) Contact your local government department who deals with housing habitability. 

@Sebastian RiveraWelcome to the world of real estate where everything with good planning, habits and work ethic can do wonders.There are local meet up groups on real estate; which can give a chance to meet fellow real estate investors.You can do flips (buy-rehab-resell); rentals; wholesale (buy-sell) and other variations. 

There are normally major issues with the property that will need to be fixed and shown to the code enforcement officer so he can check that the property is completely up to code and habitable