If your renters need an incentive to pay their rent on time...they shouldn't be your renters.To answer your question directly though: Motivation from a fear of Loss, is greater than motivation from want of Gain.I don't think getting $10 (in this case) is as motivating, as losing $50 (late fees).

In addition to what was said above, keep in mind rates usually go up by 0.25%-1.0% at a time and at specific times will the Bank of Canada consider increasing it, so it will take several increases for you to see the $800/m increase you are fearing.

Money lives on the other side of fear.

Benefits of using bridge loansunlocks buyers: unlocks buyers who may not have the funding on their ownpurchasing power: provides liquidity to those whose money is tied up in equityspeed: eliminates sale contingencysecurity: eliminates the fear of not knowing where your client may live if they don't sell their current home fast enoughcontrol: allows the client to sell on their own terms, while they're comfortable in their new home (for up to 6 months)I'm asking my realtor right now of what if I'm not selling my house in that 6 months time frame?

I would be fearful of the liability.Gas and electric...

Are they very prevalent in homes in that area?

I also read a book by @David Greene about investing long distance and was really getting excited- I even made a 3 day site trip out to Richmond, VA as a test run.I started typing out a really long reply - to keep it short - it's fear that is stopping me from looking elsewhere. 

On the other hand I’m glad I made the move to break through my fears and get the ball rolling.

I fear it is like the school distract that spends all of the money allocated on current expenses and hopes to convince the voters of supporting a school bond for cap expenses. 

Your best bet is work quickly to fill the property.Don't fear losing tenants or vacancy.