I have one location that routinely attracts young professionals and they consistently are great tenants. 

@Jay Hinrichs For us these would be handled just like any other hardship payment plan request--  a routine part of doing business.

In the beginning, while I was working 50-60 hour weeks, living way below our means, not buying the latest this or that, driving cars till the wheels fell off, not going on fancy vacations my friends and family were doing all of this and more while almost laughing at me that I wasn't.

I manage a lower end 12 plex in an inner-city environment that's old, it's not fancy but we have a nice community of residents that are happy when things are fixed timely and properly.

I don't want or need high end or fancy stuff. 

So these guys won't be buying houses or other fancy assets.

That doesn’t have to mean replacing siding and/or paying a bunch for fancy paint, you may he able to knock it out in an afternoon by renting a pressure washer.There are plenty of other similar considerations inside, but it’s also dependent upon the sub-market.

I usually have starter type homes (so nothing high end or fancy). 

To not buy the fancy car.

This is not true for low credit score applicants, so you need to have a plan in place that provides incentives for you to get paid -- for us, this means having a robust late payment policy that tenants understand and that provides incentives for early communication, routine payments and limits on possible losses.