Big issues being drugs, police raids, etc.

In this hypothetical scenario, the new property owner (myself) decides to purchase a property for $100,000 on a standard 30 year mortgage, with $10,000 down, which is obviously less than the standard 20% down payment that would alleviate the need to pay PMI.

Make sure it's not drug dealing money or something like that.

Here's a few reasons why:Travel nurses already go through background checks and drug tests so you know you're getting a reliable tenant.They get paid really well AND get a housing stipend so getting rent paid on time is never a problem.The demand for travel nurses is only increasing with baby boomers retiring, so you'll always have a stream of tenants.For a furnished home (or room) you generally can charge a higher premiumTravel nurses generally work 12 hour shifts and love to sleep as a result... no noise complaints from neighbors.Their contracts are typically 13 weeks. 

Find a frustrated investor who is ready to exit the business and offer to take alleviate the pain by taking on the property.I wish you the best!

We've had people try to break into a commercial building of ours (in a good area of town) that has doctor and dentist tenants in order to try to steal drugs.

That would simplify things quite a bit and alleviate the stress of not knowing if the payment was made as well and would eliminate your need to call and do all the leg work to verify that it has.That just seems like way too much work to me to check on the rent.

If I'm selling kids drugs that's bad, if I'm selling the cure to cancer that's good.

But it has not split so we just added a heat trace to alleviate the ongoing problem.The 55 deg F was for ambient temp.

Unless he's "self-employed" as a drug dealer and using your house as his office.