It is a matter of who goes down the right paths to be able to connect that natural tendency to monetary returns.

it's a good way to be instead of being a miserable A-hole

It seems like it would be easy for a tenant to dig themselves into too deep a hole.  

Hello Gillian,Just remember to invest where it makes monetary sense, and live where ever you want to live.Not sure if your a renter, but if your not a renter ......... then that's probably why you don't want to live there.Make sure whatever you buy meets my benchmarks which is a $200/month cash-flow margin per door & also that it's a 10% CAP or more.

And clearly they don't have any money for a new deposit, moving, etc ....They've also asked to pay the entire amount, with late fees, next month however I feel they are going to be so far in the hole by then that they will never get caught up. 

I gratefully welcome all feedback, especially the criticism, so please do not hold back if you see holes in my plan, or my head!

The house looks good, carpets professionally cleaned and all, just a pretty large hole in one wall from moving furniture I am assuming.

Blizzard outside.Drive to the home.Access the damages.Look at the big hole in the roof from the fire dept.Plan our strategy.Talk to tenants.

Payday lenders lend at ridiculous high rates hoping you have to roll the loan into a new one and you keep doing that and doing that until you can't get out of the hole.

Your scheme is full of holes.