I also dont think one who invests in crypto should refer to it as a “tax evading tool” it may paint an unwanted picture or give others ideas there are some insane people out there.

Other than that you should be able to cover the down-payment with your funds.

Second, I can't imagine the deposit covers the outstanding $1600 so the problem doesn't go away by giving up the deposit, the figure just gets smaller.2) The late payer.

It looks like a cover to a crawl space(?).  

If it is not by an appreciable amount, you should stick with the existing tenants but have them re-sign a lease to make sure everything you want is covered.

I think you’ll be stuck covering the costs until lease end, unless you can work out some kind of deal. ($50 off rent, but you pay water usage that has averaged $40 the past 6 months).

When his tenants can't cover their part of the rent he pays them to do work on the next house or to mow lawns at his current properties. 

Personal property would cover things like your refrigerator.

Look at your rents and run scenarios for varying scale of market softness...can you still cover you expense?

Hey McKenzie, My Husband and I are looking for our 3rd and did a BRR for our 2nd... would you please send me some more details like location, pictures and I would be glad to share some of what we have learned and talk deal.