His team apparently hires the coffee farmers and provides them a good job, fair wages, health and pension benefits, etc.

The tenant is responsible but in most cases the tenant has bad credit and already has collections/judgments that they’re not paying and they often don’t work or work long enough to garnish wages, thus they’re judgment proof.  

The market very well could continue on this path until we see substantial changes in local wage growth or a decline in interest rates. 

While low income earner living check by paycheck and that's the reality.

But if I try to think about 5 years from now, I see a lot of repetitive low wage jobs automated.Look at these fruit-picking drones.

High W-2 wage earners are generally more lender friendly as it's the 'most' consistent and/or easily documented.

These were all professional owners not W2 earners.

Most people will see their wages increase somewhere in this range each year on average.

This requires that your tenants remain employed at similar wages.

Cleveland has a low cost of living and wages are generally lower than other cities.