If they were bringing you cash but on the way to drop it off they got robbed, would there be any question if they still owe rent? 

Seems unlikely to me but you are most likely better off investing your $60k into other markets if you can't house hack.

Also, why should the borrowers pay off the loan at all if it won’t affect thier credit?

I love helping people and truly do enjoy my job, but I am already at a young age topped out for compensation and in this field with insurance reimbursement structure the way it is, I am likely to not move up much at all in the future unfortunately.I have always loved personal finance and after accruing ungodly amounts of student loans and navigating paying them off all while efficiently investing in the stock market as well as now real estate I have not only realized how strong my interests are in this area but also my personal skills align in financial planning and personal finance.

You can be WAY OFF with older liens … think neg am and some lienholders are just bad at protecting their interests. 

And if you find something that does, there are likely trade-offs.

Any other possitive factors  - stable tenant base  - alarm systems  - regular checks on the property  - no pets  - Lead safe certification  - newer roof, plumbing, electric, etc..Anything to balance off the lossesBe prepared that it may end up in a non-standard (surplus lines) market for a couple of years.If you did not have flood coverage before, see if they will continue the current policy if you get Flood coverage and increase the property coverage deductible. 

Make small purchases and pay off the balance in full each month.8.

.- Tax Benefits: building deprecation, cost segregation, write offs etc..- Principal debt paydown: tenant paying off your loan.- Cash flow.Once the above are all added up, your true Rate Return will by far exceed your returns with stocks.Now regarding the different type of real estate, that depends on a lot of factors and mostly on your financial goals and where are you in life today.

But you deducted $1818 off your taxes 27.5 times. ($50,000).