You get what you pay for, but if well maintained they will hold up.

If the tenant does not pay and doesn't make a payment arrangement with you, then you proceed to evict like any other nonpaying tenant. 

Our insurance doesn't pay for tornados and flooding like other states which keeps our insurance costs down. 

I have the time but not the money right now, if I can find a good deal for someone is it possible for them to pay me?

This actually happened to me in Boulder and they ended up staying several years, paying the STR premium rate the whole time.

However if they are on limited income, military disability, SS, pension and they are currently paying a similar rent, no major other payment, I will waive the requirement.

There are many strategies to investing in real estate, and I won't say any one is better than another, but I think you get what you pay for and no one wakes up in the morning wanting to be a slumlord.

The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.  

I will def. consider it, and may not pay to go to their 3 day seminar when I could gather info with like minded people like you.

The rentals are paying the holding costs on it so far (taxes and insurance are high in this market).