New investors get way too stuck on LLC setups and the like when they really don't have anything worth taking, and those with loans have partners that provide some buffer anyway - the bank, who's going to end up with the property if anyone sues you successfully enough to get a judgement, which means it will be the rare attorney who even takes the case. 

No plaintiff's attorney's want judgements that can be framed on their wall, they want to get paid!  

I don't mean to rain on the parade, but the reality is, the note business is more complicated than these gurus or broker-dealers let on. 

Not trying to rain on your parade, but this is much more complicated than just forming an entity and getting a loan.

Not sure what the interior will look like, but hopefully you have photos of prior to occupancy, so that you will be able to claim against their security deposit, and a judgement for past due rents and any damages

Don't let a great deal cloud your judgement - do your due diligence first!

Thanks Adam, this is clear.With a view to putting them in collections myself / seeking a judgement > is this "doable" when I'm based in Europe?

And then everyone can make their own judgement with the information presentedThat's what makes our community here so great, the diversity of experiences and opinions, and allowing anyone free access to see and participate in the discourse and make their own opinions!

If worse comes to worse and I need to get a judgement against the tenant and co-signer(s) can I force them to pay?!?

Make your own judgement if you want to work with them.