However the tenants never pay on time, I have to chase them daily, call and pester until they eventually pay.

Update: so i haven't logged in for a long time.....but the section 8 tenant is still with us and we eventually convinced her to sign the rental increase.

Hi Ivan, did you eventually get a construction loan and how did you go about your lots in Sebring?

Hi Rob!

I have spent the last 24 years helping folks build their rental portfolios doing BRRR deal for them and everyone of them still needs some transactional income so they don't rob their rental portfolio those that tried to live on rents alone end up struggling. 

His carelessness will eventually cause you to lose your other tenants. 30 or 60 DAY NOTICE depending on your jurisdiction.

This leads to larger credit lines and eventually PG's going away. 

The problem is affordability, and that will eventually correct itself once lending becomes less stifling.

And think about what will happen when interest rates eventually come down...When interest rates go down, mortgage applications go up like clockwork, which leads to more demand, which will likely lead to increased home price appreciation. 

Remember, there's always a new listing boost, which eventually goes away.