I think the best strategy would combine both physical and electronic options.

Could hire a payment/note processor and do it all electronically for a fee or go neolithic and have the seller open an account at a bank with a branch near your house and you deposit your payment to his account every month.

I might also give them the option of paying electronically, if they are concerned about the checks. 

Venmo is the most popular electronic way by far, at least for me.Then when I buy my next property, I go back to that same bank and they already have the rent rolls from my checking account with them, plus a relationship. 

You check back to make sure things are completed and pay people.You don't chase rent, you make your tenants send you the money electronically or by depositing into your bank account.If they don't pay you on time or don't follow your rules per the lease you evict them and get someone that will.

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The Schlage was heavier (has to be a good indicator) and from an engineering perspective, the electronics engage a cam that lets the user operate the deadbolt, rather than actually throwing the bolt. 

The form can be filled out online and done electronically, or you can go to the building dept at City Hall.  

If your tenants are looking to pay electronically it would also be cheaper for them.

Other things I put in houses are electronic dart boards, fire pits and horse shoes.