Even after closing you still will have more things to do.Just be prepared mentally for what this will take to be successful.

In my experience, if you keep the "customer" happy then its good for your reputation as well as your mental health lol.  

Crescom in Greenville/Greer used to be Greer State Bank so they have a smaller bank mentality. 

Insurance should never replace a deposit, plus there's the mental block that if a tenant doesn't have any "skin in the game", they will damage your property more. 

Not the I’m going to scam the government so I can have food stamps type of mentality. 

Some never get going and have "paralysis by analysis".The goal is nothing will ever be perfect you just have to get started and constantly revise along the way.So many people look for a reason to not do something that they never get going with anything.Fear of failure,fear of success,fear of making a mistake,having doubts are all mental roadblocks.I ran 14 miles the other day without stopping.I am 25 pounds overweight but still had an 8 minute plus average.People always tell me they can never do that and can't believe I can.The point is they never know because they never TRY and find out.Some is physical but most road blocks are mental and people give up with their mind way before their body does.Most are looking for that silver bullet (the next greatest toll that will make you rich beyond your wildest imagination!

Deliberately have a few challenges in your screening process - it will weed out "entitlement mentality" problems4) Allow payment plans, but create system to track when payments due, so they don't keep falling further behind You will need to call them on due dates or they will fall further behind Be prepared to give a strong NO when asked if you will change rent due dates to "make it easier" for tenants to pay rent based upon their SSI or paycheck dates.

You can collect an option fee to stop your bleeding and have your monthly payment covered with a buyer who has an ownership mentality.

@Garrett Crosby I love the systems mentality - I've done quite a bit of deal analysis, I'm in the market analysis phase and then going to be reaching out to off market owners consistently since I'm going to be an active investor.

One very important factor to keep in mind: if an investor is not mentally ready to pull the trigger, they will LOOK FOR and FIND reasons not to invest.