Get all of the things done between 4-8a that do not require talking to peoplereturning emailsChecking your market for properties that have come on the market or changed in status since yesterday/do market researchPay billsCheck on the status of current deals you have in the pipelineRead educational blog posts and articles/ check the forumsDo any marketing that doesn't involve phone callsSet your plan for the rest of the day and if you have employees think about what you want them to do when they get inEnjoy the peace and quietDrink coffee and eat a good breakfastWorkoutThis way when the rest of the world wakes up you are ready for them and are not bogged down with busy work. 

Wholesaling , Rehabbing and Flipping is all I eat , sleep and think about!

My concern is with the hard money period, I would rather not pull the funding until the tenants are out. 30 day notice + 2-3 months average eviction in Sacramento eats up a ton of our time.

Other expenses will eat you up.

You will need something local and that eats into your profits, or if you travel to TX a lot you get the same result.  

But as @Tiger M. states you can refuse the payments since they are only partials and foreclose as well.. again though in my mind to foreclose over late fee's is jumping over dollars to collect pennies. and at the end of the day if I never got a late fee what the heck.. they could use it more than me.. its not going to change what I do were I eat were I travel the quality of the wine I buy etc etc..

Based on the rents, it sounds like the prices are good, but I live in California so I have no idea what your market is doing.Why not eat the elephant one bite at a time?

Down here landlords are advised not to rent to families with children if the house has lead paint as it's known to cause cancer if a child eats the paint. 

If we had not already gone so far over our time limit and with the carrying costs eating into our profit every month, we could have held our for more.

Seasoned bad tenants can eat up a rookie landlord unless you are tough but fair.