Really sounds like more of a publicity stunt than anything else. 

It sounds like you’ve built a strong foundation with your first rental—locking in a 2.25% interest rate and pulling in $4,500 in rent is a great position to be in.

@Sarah Hadassah Negrón so you get a money judgment.Now you have to turn that into a garnishment action with the courts.To do that, you typcially need to have the tenant personally served - which means finding them or hiring a skip-tracer to do so.Then, what are you going to garnish?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊https://www.biggerpockets.com/member-blogs/3094/91097-why-you-should-screen-a-pm-company-like-you-screen-for-tenantshttps://www.biggerpockets.com/member-blogs/3094/91878-how-to-screen-a-pmc-better-than-a-tenant-part-2-communication-and-documhttps://www.biggerpockets.com/member-blogs/3094/91879-how-to-screen-a-pmc-better-than-a-tenant-part-3-the-management-contr

Or perhaps they’re searching for peace of mind with a team they can trust to handle every aspect of their property?

Why would not having a bankruptcy be an issue?

Has anyone dealt with a similar situation?

Also, I believe they own this property out-right, no loans, etc.I'd like to structure a deal where they provide seller's financing with a 2-3 year off-load timeline that gives them a) some cash now via a down payment and b) some regular monthly income all while I work to bring rents to market value and we both benefit on the sale and refi.How would something like that work and what would it look like?

Doesn't mean its a necessity to have it formed here but it is a fairly straight-forward process. 

@Sam Abe, Georgia is a caveat emptor state (buyer beware).