After all, failure to pay rent is a violation of the lease.

I'd strongly prefer to have a cash-less payment mechanism though, ideally a phone or a card that you can add funds to with a credit card or phone, so that tenants aren't forced to use coins or cash bills.

FYI, my fav is "failure to adhere to the rules of the lease or lied on or during the application process" and inject clauses such as "any individual over more than (x number of days) is considered a tenant, and must apply or be added as an occupant". 

New plumbing, electrical, and mechanical behind the walls? 

But by all metrics, and by all accounts on an asset(usually a mechanism that appreciates) leverage is always the wiser tool.

And just keep doing that, let it season.yes, the trick is the same:1. buy house that appreciate double than inflation, double than nationwide average2. put 30-40% LTV3. financing as long as possible.for that to work, we need reserve, that reserve is coming from other money printing system that we have, it could be w2 as cardiologist or car mechanic, but the way is the same.And if someone is really really good , try to raise capital, and do the same (I'm not on this level lol) Btw, Miami appreciation looks super good for next ten years.

Report his failure to provide access to Section 8.

I have a mechanical murphy bed product I have used in our vacation rental that people absolutely love!

Just remember that mechanic liens can precede your loan potentially and lien release waivers and onsite inspections of work completed are super important to the release of funds

@James Rodenberg I think everyone should self manage when they start out because 1) starting out you have much smaller margins and saving the PM fee will help you stay afloat as you grow. 2) you learn by doing and you will gain good experience from dealing with tenants and their problems, you'll also learn how the mechanicals of your properties work so you'll understand why problems are occurring.