You either tolerate the Tenants weaknesses (ie paying late, loud phone conversations) or you don't.  

Right now property management companies have a financial incentive to impose zero tolerance late policies and churn tenants.

Also, depends on your long term goals, risk tolerance, etc.Owning a good cash flowing home across the street for free (After BRRR) sounds great to me.

You would be very wise to invest anywhere but Ontario given any other option.The Ontario LTB adjudicators have unwritten instructions to not terminate or evict without first placing the burden back on landlords to correct or tolerate tenant issues.

I now make a point of explaining to every new tenant how upsetting this is (any and all junk) and wont be tolerated.

Its a business and he has paid his debt...I would not be so tolerant if he turns out to be a pedephile.

Unless that's tolerable for you.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

Additionally, if the value of the rental property increases, you may be able to sell it for a profit in the future.Overall, the decision to use home equity to invest in a rental property is a personal one that depends on your financial situation and your risk tolerance.

The organization runs professionally facilitated monthly meetings for 10 to 14 peers, where each member has a chance to present to the group their portfolio strategy and allocation decisions, alongside a careful articulation of their investment criteria and long term objectives – what their risk tolerance is, for example, or whether their goal is to spend it all down before they die, or create a family legacy to last generations.