It also prevents you from learning from mistakes because one mistake and your dead, so you are extra cautious and use far more stone than is necessary to build a bridge. 

Those late pays should not prevent you from qualifying FHA. 

I work in the area and am constantly looking at properties but have the same fears of not being able to collect rent or prevent burglary's and getting the house stripped.

Regulation and implementation is key. 

A Florida lawsuit (involving a convicted sex offender rather than a vicious dog) is being filed against the owners and managers of an apartment complex, claiming they could have prevented a tragedy if they had been on the ball.

You may never see a dime but you can perhaps prevent him from doing this to another Landlord.Find a new manager.

Anna for example growing from about 20,000 to 250,000 over the next few years....STR rentals are tough....cities hate them and keep implementing rules to restrict them. 

This is only acceptable if and when  getting more people would get you a lot more deals.In order to make it... in order to become really filthy (rich).. in such a short amount of time, you need to  filter all the fluff and get a concentrated non-watered down action plan implemented.. which is EXACTLY what I am about to do myself.To become successful you need leads.

Only option I can think of would be implementing RUBS.

Hey @Nick DePrizio I am from NorCal also, and eventually plan to move to Vegas in the next few years.... wish I could now but job prevents it.I own two investment properties in LV, one in Henderson and one in LV just east of the strip.