They were also extremely receptive to suggested improvements and implemented many of my suggested changes.

It's important to implement the "No Pay, No Stay" and be firm, however keep in mind the some people will always be late and the key is to make sure they don't get too far behind.  

He has no real choice but to pay it - he's on month-to-month, and his lifestyle/mental illness/whatever will prevent him from going elsewhere.If you evict him right away, there's likely to be a lot to do to that unit, and you're going to have to lay out quite a bit of money on it.

Further, the standards are already implemented for Fannie, Freddie and I believe Ginnie loans.  

@Rob BelandThe IRS does not stop or prevent the no interest installment saleAs a buyer you can structure an installment sale so that there is no interest today but there is imputed interest to be charge from the IRS at a later timeSearch "imputed interest" on BiggerPockets

And I really wouldn't feel comfortable entrusting keys to someone unless I was absolutely sure I could trust them and that's a rare thing.My concern is that we may have some unforeseen circumstance prevent us from meeting a contractor - we live in a rural area only minutes from the city center but because it is rural we have been inconvenienced by heavy snows and even had a bridge over a creek collapse stranding us for days.

It’ll save you a bit of interest but make you much less liquid.On the other hand, it’ll help prevent you from buying more properties.

The local authorities have an interest in preventing situations to escalate to emergency status (which will generally require significantly more resources than a single officer escorting a landlord onto their own property with a non-cooperative tenant). 

Although other states have cheaper properties the fact that they donate appreciate and have triple the cost in taxes and double insurance has prevented entrance.We should meet up!

I joined bigger pockets in February so that I can learn as much about RE investing and implement it after I turn 18.