Even after this, I've had late payments, but never had a tenant reach out to me proactively before its due to let me know.If a tenant doesn't pay rent but instead uses that money for a new toy, vacuum cleaner, car payment, vacation, food, medical needs, or otherwise, I don't care. 

I want to finally work Smart, not Hard (I mean I'll work hard, if I have to yes, I am not lazy), and make income by not doing so much or being so stressed, etc.

What percentage should go towards my personal mortgage, toys, travel, etc..Further, I wouldn't want to develop spending habits that had me on razor thin margins, so what should my OVERALL spending percentage be relative to my cashflow?

I am toying off and on with switching over to the Master Landlord locks but I don't like the expense. 

When they leave, they can take their toys and assets with them.      

I have toyed with the idea of using the '12 month buyback guarantee' but don't know if that will get me much ahead, unless there is just some bad fundamentals with the location of the house. 

We've even toyed with keeping the house as a furnished vacation rental on VRBO, AirBnB etc. and using the 4-plex capital to expand our investing capabilities.

@Marcus Auerbach I have toyed with a similar concept.

@DuBois Othero Toy Brandon's book on Managing Rental Properties would be essential for you to read.

We did not specify regarding trampoline in the contract, however we have clause "House furniture, cloth furniture and children’s toys are not permitted to be left out on a porch or in a yard at the end of a day."