So keep fat margins in all of your estimates. 

I know if I hired one to take care of a property, there would be a fat bonus at the end of the year if there were no problems and I was making money because of their good management.

If he was originally on the application you should have discovered the seven evictions (pro-tenant) and gave a big fat NO to rent to them.If he was not on the lease then monthly inspections should have shown unauthorized tenants and also condition issues with the property so you can evict early as possible.

I also completely understand that if you're running many rentals you can't waiver at all and therefore this guy would be told a big fat no, but since this is my one and only rental I feel like I have a little more flexibility.

You don’t ask the fat guy for fitness advice and you don’t ask the ford salesman for Chevy advice.

I really wish that you can maybe replace their A/C to a new one but you have a big fat wall in front of you.

Whenever recessions happen businesses use it as a way to trim the fat and get more efficient and I imagine that will happen this time around also. 

They accepted our lower offer which gives us a pretty fat buffer.

Sounds like a big old fat DELETE to me.

And THAT's the truth of what people think when there looking at these generalities; "oh, which is EASY, which can I do, pay almost no attention to, do next to nothing, and just cash fat checks".....