When you look at the statistics that are posted in the article for New York Metro, you see the following:10.

However, if the tenant pays in time and follows the rules you are probably better off keeping them as you’ll avoid the deferred maintenance/turn over costs right now.

The way it was explained to me is as follows. 

I recently got plugged into the BP podcast by a mentor after I house-hacked my first SFH following my graduation from college.

the reason for this idea is that the agent usually very pushing, kind of want to do some research and even want to do it by myself.

get an agent to provide this its updated by the minute on the MLS systems.. simple push of the computer buttons.. or keyboard as it were.

Only if it doesn't surpass 5 people living within household and all other clauses within contract are followed (i.e no smoking, etc).8.

If she follows the plan, defers the tax and enjoys the income for the rest of her life when she dies her heirs will get a step up in basis so at her death the tax goes away. 

Whatever you decide to do, you may want to have a documented business process for accepting, reviewing and approving applications then issuing leases that you follow so that you provide the same treatment to all - Then of course you have to stick to this process.  

If they do not follow the payment plan then you should immediately send them to a Collection Company.