On top of that, what if all of a sudden you need a new roof, or windows, or a sewer line, or the irrigation system freezes, leaks and floods the basement, or a fire guts the place and your insurance only covers some of the vacancy/rebuild costs, or a flood washes it away and you didn't have flood insurance, or your tenant stops paying and their estranged lover/stiffed drug dealer breaks in and destroys the place, or any one of a myriad possible bad things happens because you have an investment that hinges upon human behavior, and therefor needs constant baby sitting, and 5 years of your glorious $500/month is wiped out in one afternoon, and the bank takes the property?

Like many military bases the surrounding town is normally small rinky dink with civilians trying to take advantage of military members (loan sharks, auto dealers, gang members, and drug dealers)  Your properties will probably be relatively stagnant due to it only being a military base. 

In Florida, Teen killed in motorcycle accident  ( highly suspect that his plan to claim on insurance went awry and strong prescription painkillers involved).Single person occupancy and he was the only person on lease.He was in the midst of moving out, but left behind starving animals, drug paraphernalia, junk.Now multiple strangers are driving around and selling off his 6 vehicles and have been staying in the house after his death. 

If someone were caught drug dealing in 2010 but finished their sentence in 2012, that would give them six years of history to prove they had changed their ways, which should be sufficient for any Landlord.In your case, the guy was honest and admitted his mistake.

@Nicole WalleyWell there might be some selection bias in the sample choice when asking on BP, kinda like asking a Ford dealer who builds the best trucks.  

Make sure they are rock solid in every way, rented, then repeat.....or steal the million and piss it away on drugs and hookers.

My current vacancy was due to my last very likeable newbie who just got non-renewed for letting bf sell drugs in the parking lot but I have a number of my first place renters that are great.

I agree with the jail (or drugs) assessment.This is how you get a meth house. 

I know that she's resisting because he's a convicted felon with a drug and burg history. 

So many times my Property Managers told me stories of tenants behind on rent due to job loss, drug issue, family death, you name it.