It's great to be prepared and have your duck in a row but we don't even start discussing eviction until they are at least a month late or behind by 1.5 months of rent. 25% of the time tenants are going to be late and about 10% are going to be late consistently.

We've rented out some of our best investment properties (New Construction/Turnkey) to Sec 8 residents, and the rent guarantee always helps in achieving consistent cash flow each month.

They had listed it for $40k more in 8/24 and dropped consistently until 12/24, when I made my offer.

There is many different ways, key is being consistent.

But if they are not already furnished, the answers above are consistent that having a good team on the ground (Realtor, PM, service providers, etc.) is critical. 

Let's say you bought a property for $350k, consisting of $275k building and $75k land.

I can tell you the money is consistent however approvals, paperwork and follow up is what you would need to be good at. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Because the property is so unique pricing likely needs to be as well, maybe consider that based on the property needs/maintenance and location you may not want it consistently turned over so maybe you open 28 day slots and allow use with a 1 time per month turn over.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.