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

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

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

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!

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?

On commercial non owner occ loans the lender does not have to take the Dil and can foreclose and get a deficiency judgement against the borrower. 

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?!?

They know that you likely have to pay any legal fees as well as any judgement.  

I don't know what market you are looking in, but in California that would mean solar panels, rain barrels, fire sprinklers, etc.

You need to sit down with them and heat them out.then you wouldn't be so judgemental.