If I put all of my eggs in one basket (Florida in this case), paid off property and a hurricane blows everything away, FEMA is nowhere to be found and the insurance companies take years to pay what little claims they actually do pay, I suffer through it in a blown out house.

@Stephen Akindona in our experience, the PMCs offering:- No Termination Fees- Tenant Replacement Guarantees- Eviction Guarantees- Flat Fee Management- Etc.only manage Class A & B+ properties, or bite off more than they can chew and their services suffer.

The insurer will probably also tell your friend (s)he appears to be in breach of the averments in the seller's affidavit and will be held responsible for any loss the insurer suffers as a result.  

This split my attention to the point where construction projects suffered while I also started underwriting things through rose-colored glasses which led to me drawing my HELOC to its max of 190k from a starting position of about 70 in just a few months.I also found myself not screening new tenants as well as I should have in order to get properties occupied faster to facilitate refinances that required occupancy, telling myself I had to to lock in those great rates and to pay the HELOC back off. 

2) They get busy dealing with all the mundane day-to-day stresses and business responsibilities at which time quality, responsiveness and service may, or may not, suffer.3) Sometimes... 

In those cases where a tenant suffered a minor setback and is back on track, if they are scheduled for a hearing before they're evicted they will often pay before that or when they see the notice on the door, but only if you file relatively soon.It really is good screening and filing quickly and consistently that minimize nasty non-payment issues in just about any kind of market. 

I also suffered from analysis paralysis.

Dont suffer chasing a buck.

And it's hard to reason with a populace suffering under such of the necessity for there suffering.

It sounds like you are suffering from a case of the "tired landlord" All of us that self manage go through this.