Don't mean to be a downer but I see a train wreck coming and recommend that you plan on having to foreclose on the property. 

Even better than that, they do inspections on the properties to make sure the tenants aren't wrecking the house - which is above and beyond what I was looking for.

Every day someone get's in a car wreck, sucks without doubt, and i do not donate my vehicles to them.

I've seen plenty of train wrecks of people who get themselves into a situation because they don't know what they are doing.

I am just in chapter 2 but still can’t escape the ever looming question of just how much if the net cash flow should go into saving for tenants who just might wreck/otherwise abuse the property.

The property is on track to look great- I purchased it as an REO and the previous owners left the place the wreck.

Many have wrecked themselves not being able to close a deal while losing big money. 

Which, since its going to wreck the seller's credit, you should expect a lawsuit from the seller.As long as interest rates are low, the payments are getting made, and the banks are backed up with the foreclosure mess, I think there's little risk of loans getting called.

Ive had two similar charactors I just pay them for the day in your case for the wreck then have them sign a note you write saying its paid because they will forget and then part ways.

While the video advice is good, I'd recommend buying something livable that could use TLC, not a wreck where you're camping till the work is done.