T-12 payroll numbers are almost useless if you are picking up a stable asset and executing a value add strategy.

Essentially, how stable is the income for the contractor position?

My attitude was to get responsibly stable in my 401(k), then my cash.

Go figure.If I do go the eviction route it will mainly eat up the 1400 in security deposit and I’m left with barely any money to clean up the unit.Even if I’m able to contact him, since he is in a mental institution will he even be mentally stable enough to sign quit on the lease?

Many landlords and PMs have posted that the higher priced rentals draw a more stable and less demanding class of tenant. 

If you've read rich-dad poor-dad, I come from the typical "poor dad" scenario where going to college and getting a stable job was branded into my brain!

Hi Hai,Look for your original money order receipt made out to the apartment.It's always a good idea to staple the receipt to your lease and keep a copy of these things in folder on a shelf (for instances like this.)Good Luck!

Ideally I would like to find something with a long shelf life, perhaps one that runs only during a guest stay or can be remote controlled by electrical outlet that I can integrate with the automated lights and door locks I have on place now.

I haven't done run a bunch of deal numbers, I like the price point, and like Utah in general as a stable market.

Mortgage money is available because many people with assets like having stable investments.