You will be saved from any legal expenses and other than that you will earn repute for being a gentleman and a good landlord gesture, which will worthable from a business perspective as we      But If you are sure that she won't be able to pay your rent soon enough then you should serve her a legal notice.

You are a great and generous resource for BP which is what this site is all about IMO.  

In a lot of ways it's a 'family thing':On some days my 'relatives' are kinda crabby.Some days they're really generous with their time and energy.Some of 'em don't know squat, ever.

Give them a generous stake in the deal to make it worth it for them. 

Very generous with his time.

Their assumptions on repairs to make the 1% rule are very generous.

Leverage all of your connections and since it is your first deal be generous in sharing in the profits if you bring in people on the equity side of the investment.

HOWEVER our ever so generous government incentives real estate investing in so many way they even give us a way to avoid depreciation recapture!

I remember being one and generous tips made a big difference.On the other hand I certainly agree in the inflationary environment labor for low skills has certainly gotten out of whack.

Be lenient and generous and part friendly.