I am just glad that I prepared for this..all of my mortgages have a 2 month buffer ..... plus I have 6 month reserves saved.

Renters don't usually have much of a financial buffer, so they may not have the reserves to pay prior to being paid.What might be convenient for them is the ability to pay by automatic payment of some type or PayPal or some other service like that, rather than a check - in case that might be an issue.I always found that if I just sat down and talked to tenants like they were smart people who were capable of working something out with me, with an attitude of respect, it almost always worked out.So you could sit down with them and tell them that your mortgage payment is due on the 5th (or whatever), and you could possibly lose the property if you weren't paid by then, because your finances are really tight. 

That gives you a buffer. 

The property is owned free and clear and my cash flow is $1300 month after taxes, insurance, Hoa dues, and a small buffer for maintenance. 5 years ago I rented this for $2100 month.

@Phillip Rosin Sink - if stainless steel, use a buffer and polishing compound.

Personally, I'd prefer about 200 a door or more to give me a buffer if anything comes up. 

People can sue for anything now a days (and typically will) but at least forming an LLC can buffer unnecessary personal losses.  

If you have cash you're probably not making good business decisions because you have a financial buffer that others do not."

If it is as heavily wooded as you say, has a creek, and some natural amenities it might actually be worth more with 3 lots with preserved trees that allow for natural buffers between sites, instead of maxing out lots. 

So, it's just easier to say, sorry, our agreement was to give me a financial buffer in case of cat damage, which could already have been done, so the current lease will stay in place as-is, but, if you want to move, I'll work with you, if you aren't happy here.People who have cats, by the way, nearly always end up with more than one.