If you really do have such a brilliant unique system that somehow nobody else has thought of and is so easy to implement you will quietly sit there and buy 10$ houses all day long and hope nobody else ever finds out!

The rec property I bought for me then thought "hey, if i can rent this place out I can take the money I get and buy new tools, farm implements, tree stands etc.

TIRE-KICKERS often do not have a specific financial goal or a solid investment strategy or executed business plan they are implementing.

I also understand the flip side saying these properties lead to low property values and high crime, implementing a community improvement district and other incentives such as tax breaks can draw investors to this area.

. ;-) Ok, I get it - they want to prevent fraud, they want to make sure good work was done.

Thanks for the qucik respond.Can you give me some direction, I mean what neighborhoods you consider as good and what you recommend to prevent from?

Use the elements of CPTED (Crime Prevention Through Environmental Design). 

You just have to figure out a strategy that works best for your situation and implement it. 

For some tenants the deterrent of not having their lease renewed can be effective in improving their performance.For the demographic I deal with, the problem with late fees is that if they are occasioned by difficulty in paying the rent it makes the thing they are trying to prevent (late rent, no rent) that much more likely.Running a business entails evaluating the commercial smarts of any course of action and is  more nuanced than just trying to collect every dollar a contract says you entiltled to.

Mission of my business: To become the highest quality provider of housing in Fredonia, NY for college students and families alike, while also providing great customer service that makes our customers feel appreciated and valued.I am really trying to stress the quality aspect and provide great value to renters.It would be great to hear from others how they have set up their mission and vision statements and how they have implemented them to bring their ideas into reality and any feedback you guys could give me.Thanks,Nate