Hey Jason,I feel your pain, it's like déjà vu.

Another thing is a small detail like who pays the ACH fee can be a choice to go to you or tenant.

As well as the additional pains of managing a portfolio yourself (which I am assuming you are).

I previously used free services like Cozy (before merging with Apartments.com) and Rentler ( before merging with another company and charging fees for ACH payments) but now I use them as an all-in-one PM solution for the most part.

Quote from @Brock Mogensen: Those that didn't put the right debt on their properties and are bad asset managers will see some pain.

(Sometines using a conventional loan) Short-term pain for long-term gain2.

I feel your pain when it comes to the high cash flow, but low appreciation and potentially high maintenance properties.

I prefer tenants pay using electronic ACH transfers through apartments.com and in those cases payment is considered made when they initiate the transfer even though I don't receive the money for days afterwards.

A little bit of pain now for prosperity later - thats the motto with this game haha! 

Checking in with the BP public on this...wife and I just bought and moved into a SF this May at 6.812% and the monthly payment (4319 all in) is pretty painful.