If the person stops making payments, they alas,  have to foreclose.

@Kyle Atans  or PHX when building stopped dead cold and they deported half the construction workers who happened to be 80% of the tenant base.. same with central CA building stopped  no deportation though :)I just bought in Vegas for semi retirement and tax purposes I kind of like were it sits now.. but no question your timing of that market was impeccable.. !!! 

Better yet train others to keep things going while you take your break.Again Jonathan thanks for the reminder that the grind never stops. 

The easiest ones to find are hot water leaks because usually the resident complains that their floor is hot.If you eliminate those, just have your PM stop by the property randomly to listen for running water.

Did that stop or is not working for me? 

My parents had to stop paying the mortgage and I could feel the stress radiating through the home every time I visited.

While this won't stop the Gen Y and Z crowd, I think it will make it harder for people to raise money, when a company with 30 yr track records are marketing right along side the guy with 2 yrs (for a similar type of deal).

The issue was a person sold their home subject 2 and the person who bought it stopped paying.

What would stop him from just not coming back to finish once he gets the last payment from you?

So stop, stop trying to put square peg's in round holes.