Many thanks for the prompt responses. 

Without a heads up to you, I find the lack of prompt payment completely disrespectful on their part and I would be looking to remove this tenant ASAP. 

The insurance company adjustor would discover the negative sloped patio and promptly cancel the policy and no benefit would have been paid.In summary, I believe that if you want to consistently buy properties that are profitable and likely to appreciate you need a good team.

When repair issues arise, I react promptly.

. $8,750.00 monthly for a loan amount of $100,000.00 at 5% interest rate for a period of 1 year.(4) Borrower will be given four weeks (a month) grace to payback the principle(loan amount) at the end of the loan duration before legal actions will be taken.(5) Failure to pay back the loan at the expected date / period, legal actions will be taken against the borrower by our attorney.(6) Address:You must inform us about change of circumstances and must tell us promptly if you change your residential address or zip, or if you think there is any information That We Should be aware of.(7) There is no early repayment penalty.(8) Interest: Interest rate shall be 5% irrespective of the loan amount.(9) Loan Process: It takes the interval of 2 to 5 days from application to funding.(10) Loan Amount: Loan amount ranges from $5,000.00 to $5,000,000.00 .(11) Loan duration: Loan duration ranges from 3 months to 20 years.

With the fact that the police have no concerns about his herion use, this further prompted our willingness to give him 60 day notice (in Oregon, 60 days are required if a tenant has occupied for over a year).Thanks for all of your advice.  

Thanks @Tim Macy, @Andrew Davis, and @Kit EnglandKit, those were some of the numbers I was getting when I first started looking at all of this which prompted the post.

The recent interest shown by land developers has prompted the land owner to evaluate all possible options. 

Can I ask what prompted the realtor to make the threat?

Remain open and honest with your tenants, treat them with respect, listen to their concerns, respond promptly to maintenance/repair requests and you should be fine.