In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.My system is simple, allows for tenants to pay through multiple means, and does not cost me anything extra.

They will complain about the work and the stress or their boss but are willing to do nothing to change their situation.  

It depends on your goals and situation.

if someone needs to borrow a few grand that's a pretty shaky situation.. 

Every situation is unique, and we work with strategic partners to provide solutions for almost any scenario.

The deal fell through because I couldn't line up the financing during COVID......God/Universe has a way of looking out for us...As investors, a crucial skill we develop is to take our emotions out of the situation/deal, but that is hard when we have invested a lot of time and money into a deal. 

Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.

Inventory situation is another key element.

I think the best way to safeguard yourself for situations like this is to ask for referrals of current students who joined for the same reason you are interested in learning.

I am in the same situation.