It seems these tenants may be incapable of supervising or training their dogs in the fenced backyard to prevent this from happening.

Surely a card system would prevent drilling the locks and stealing the coins?

It will save you a lot of stress/prevent issues from spiraling. 

However, the parents and/or Realtor should be close enough to prevent things from getting out of hand. 

Strategic partnerships and alliances have enabled industry players to pool resources and expertise, ensuring the success of new projects in a challenging market.As we look towards the future, it is clear that the “Missing Middle” will continue to be a focal point for residential construction and development in the southeastern US.

@Sam Booth have heard it said by some players here on BP that 70% is the correct percentage of debt.

@Benjamin Aaker is on the money.Your income probably prevents you from using RE to offset your W2 income but you can still use deductions and depreciation to offset rental income.If you are looking to REI to reduce your taxable income on your W2 earnings REI won’t help much at all.One needs to be precise when discussing tax law.

I'm nervous because I've never had a business before and I still have a full-time job as a cloud solutions architect, which I'm really passionate about - so hopefully it won't be my golden handcuffs that may prevent me to thrive as an investor and  I'm excited because of all the benefits and freedoms being a business owner offers, one of which is to connect and collaborate with forums like this and people like all of you, where I can both learn from and hopefully share later as I develop more experience. :-)

I've found that new construction in most cases has less margins and more "professional players".If you aren't going to go ALL IN on new construction with the plan to build many houses I don't advise on it. 

I know there are many variables that might prevent a true constructive feedback but I was hoping to get some insights and guidance from this platform.