They paid the rent and you haven't given them an opportunity to fix the other issues.You may want to reach out to more experienced investors to understand what having a rental is really like because what you described is fairly normal. 30% of our portfolio is late every month but your only concern is if they actually pay.

., and some others I'm forgetting are absolutely fair in getting criticism.

Looks fairly similar to some communities I know of on that side of town. 

We're doing buy & hold for the cash flow so that I can leave my day job and play monopoly full-time. 

Or you can offer to pay what’s fair based on local rates for work done so far, making it clear this wasn’t the price you expected.I already have local rates with the other plumbers bid that was basically the same thing.

It's a longer term hold play, so not much income to speak of this soon.

Word to the wise- find fair contractors and vendors, pay them fairly, pay them fast and treat them well.

It's your agent's job to play nice with others while also keeping your best interest top of mind.

This way the investor has a quality property where all the payment is going to the mortgage so equity builds up fast and they can take the re-advanced funds and WAIT for the right opportunity for extra yield plays. 

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.