However, I just purchased a 5/2.5 perfectly situated next to a larger university in Chattanooga and it has been very hard to find tenants.

Makes perfect sense.

Perfect for anyone in a small place or who doesn't want to fire up a range.

Rarely do you see someone with perfect credit all of a sudden have a short-term hiccup (usually due to illness or something like that).

Stop with the gadgets, the AI and all the crap out there that offers you "shortcuts" for lead generation.THERE  ARE NO SHORTCUTS.The reason I am successful generating leads and most of you are not is because I did the gaahdamn work, the research, the testing, the tweaking and I perfected this.

Tip #1 - no such thing as one perfect market There is lots of data on Bigger Pockets and MTR experts that have released rankings of top cities for next year, but remember it's not just about the purchase-- it's also about the operation.

I had a wild old man call me one time when I first started sending out yellow letters asking me why I wanted to buy his house when I live in a perfectly fine house.  

In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.My system is simple, allows for tenants to pay through multiple means, and does not cost me anything extra.

For example, you can buy 5 new construction homes at great price points in my market that would be perfect for this strategy.

If you have a perfect tenant that you really want to retain/reward, keep their rent 5% below market.