Yup packages arriving that don't need signature can be problematic, above post is good thought about weight,, have tenant call sender and report it to the sender that received only partial contents, could the sender maybe be sending in 2 shipments and this just a partial shipment.Advise tenant not much else to do than require signature required on packages or have them sent to their job so they can take delivery there.This is a huge issue all over the country, people watch delivery trucks and simply rip off what's been delivered to the door step. 

Are there systems to protect a tenant from not getting ripped off.

Should I completely rip up the flooring and install tile or just update the laminate over top of the existing laminate?

There was a second floor addition partially done that was partially ripped out by a tenant who had some drug issues.  

I do see a lot of opportunity for you to get ripped off, though.  

You are not realizing what you've gotten yourself info and the kind of advice you are giving... educate yourself and get out while it is not too late.Here is a good read with interesting title "Indexed Universal Live: A Rip-Off with a Fancy Name":https://www.aol.com/article/2014/05/15/indexed-uni...

Adding a meter itself to a set of breakers is not a huge cost (1-2k each), BUT if your units are sharing physical electrical wires within the walls, splitting them is going to involve ripping into the walls, and re-wiring...The dead simple way to test this during your walk through is to see if each unit has it's own breaker box within the unit.  

We live in Austin TX so we would have to rely on a solid company who won't rip us off and who can manage the property or refer someone who can.

I'd rip the band-aid off and move on to the next one.

Borrower gets in over their head, rips apart too much of the property and can't get it put back together.