Plus you have to factor in higher costs such as internet, utilities, furniture upkeep, etc.Option 4: Invest in an airbnb long distance where I can afford to put 20% down See my point above about vacation rentals.Option 5: any other recommendations??

Trash out, landscaping, interior paint, deck rebuild, minor repairs, new backsplash, new appliances, all new furniture and kitchen supplies.

I would suggest basic hygiene though, so they don't go ewww i dont wanna shake this smelly hobos hand or making a mess all over their nice furniture.

As the son of an amateur woodworker/furniture builder/home improvement aficionado, I have started developing twin interests in home improvement and passive income.

I actually own a used furniture, antique, and appliance store here and that's how I got started, yard sales etc.

BP,I was perusing antique furniture on ebay and noticed they have a real estate section.

Don't let tenants stack items or furniture pushed up against them.

I'm just curious but in this rehab (as well as a lot of other rehabs), what is done with all the furniture in the house?

However, when in there recently I moved 1 piece of furniture and they were everywhere.In addition, his rent is routinely a few days past the 5-day grace period, with a complaint that the mail must be running slow (Even though his envelope is post-marked AFTER the grace period is over) He is trying to pay 1 month in advance, but every check he sends each month is anywhere from $10-60 short of covering the next month + the late fees.   

I am a handyman, for now but also spent time as a licensed home inspector, a craftsman building bespoke furniture, and about 10 years in landscape construction.