I understand you would have just finished a big Rehab.  

Lately I have had people show me photocopies of pay stubs, which in my opinion could easily be faked.In reference to the original post, recently I did have a school principal call and leave a VM message, asking me to call back and verify a resident.

My problem is that they both keep paying late.

Yeah I’m a licensed/bonded general contractor that specializes in cabinetry and some finish carpentry.

How do you deal with late fees or evictions?

The contractor who is motivated to finish the project on time and on a budget is so hard to find!

@Andre Harris The sheriff could have been showing up to save a stray cat, but  I doubt it...it's likely too late to consider this as an investment, but you need to cross step 1 and find out what the status of the property is.

For example, I'm working with a design firm and the designer is busting a contractors balls on submittal after submittal and memo after memo....citing details from a 300 pg. spec book, and requesting timely submissions of the smallest details, paint draw downs, casework, laminate finishes, flooring...you name it.

I always end up hiring a handyman to do the last 10% of the work, finishing it myself, or not getting it completely finished, which is definitely not an option on this very large job.

As far as your other point, house hacking is going to be my first priority (once it makes financial sense) for me once I'm finished with college next Spring.